Oil price hits $100 per barrel, fuel prices continue to rise – RAC

The price of a barrel of oil has exceeded $100 for the first time since late May, driving further increases in fuel prices.

Petrol prices have increased by 1p since yesterday, and now average 167.81p per litre, a four-year high.

Diesel prices now average 189.31p per litre, 2p short of the Iran war peak, recorded on 15th April.

Rod Dennis, senior policy officer at the RAC, said: “Pump prices continue to climb as a result of a consistently elevated oil price that’s now at its highest point since late May.

“The average cost of a litre of unleaded has crept up another half a penny since yesterday and stands at 167.81p – the most expensive it’s been in four years.

“Diesel is at 189.31p, and is now just 2p off the highest price since the US/Iran conflict began.

“Driving efficiently, and using free apps such as myRAC to locate the cheapest places to fill up, are two ways drivers can help keep their spending on fuel in check.”