Fuel prices rising faster than last spring’s surge

• May. 8 by Joseph Chapman (0)

The price of fuel in the UK broke the 95p a litre barrier again last month as April saw an increase of over 4p according to the latest report from the Automobile Association.

Despite petrol being dramatically cheaper right now in comparison to last year (108.1p last April), the price has gone from 90.56p to 95.1p in the space of a month.

This rise, compared to a mere 1.3p increase last year, has sparked an irate public reaction in online forums asking why petrol prices are rising despite the price of a barrel of crude oil barely changing. The public have also uttered a worry about the prospected further increase in price when VAT returns to 17.5%.

President of the AA Edmund King said, “For UK drivers, despite being in a recession, rising fuel costs are again making it hard to make ends meet for UK families. This means they will cut back on other spending in leisure and the high street, undermining economic recovery.”

Additionally, in contrast to February’s report, The West Midland’s average cost of petrol is higher than the country average, albeit only by 0.1% for unleaded and 0.4% for super unleaded. Diesel prices in the area have remained 0.1% below national average.

The UK has the eleventh highest unleaded price in Europe and the second highest diesel price.

April’s full AA report can be seen here.