Fuel price should “top out” over coming weekend – RAC

Fuel prices are due to top out over the weekend, after reaching 161.64p per litre today, according to the RAC.

Simon Williams, head of policy at the RAC, said: “Drivers will be relieved to know that the fuel price rises of recent weeks appear to be slowing down and should hopefully top out over the weekend.

“Since 6 July the average price of petrol has gone up 11p a litre adding £6 to the cost of a full tank (£89).

“Diesel has been even harder hit, going up 17p a litre since 9 July which has made a fill-up up nearly £10 more expensive at £100.”

Crude oil has fallen under $100 to $80, which caused the savings predicted on the forecourt, RAC said.

Williams added: “The change in drivers’ forecourt fortunes has been brought about by crude oil falling to around $80 a barrel this week, having briefly gone above $100 in late July before then settling at $90 until the end of the month.

“Providing there are no more shocks to the oil price from the conflict, the picture at the pumps for petrol particularly looks optimistic.”