What has happened to petrol prices in the UK?
The price of petrol reached 158.5p a litre on 19 May, the highest since the war began. Diesel was 185.9p a litre.
The previous high was seen in mid-April, after which prices fell for a time before starting to increase again.
The RAC said it expected unleaded petrol to rise to at least 160p a litre in the coming weeks unless there was a “dramatic and sustained drop” in the price of oil. It thought the outlook was a little better for diesel drivers.
However, petrol and diesel prices remain well below the levels reached in summer 2022 following Russia’s invasion of Ukraine, when petrol reached 191.5p a litre and diesel hit 199p.
Because transporting oil is a slow process, price movements in the wholesale markets take about a fortnight to show at the pump.
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