Fuel prices have reached record highs in 2022. Petrol and diesel are now around the £2 a litre mark - and on motorway services they have reached £2-plus a litre.
A Bristol Live reader filled at the new Gloucester M5 northbound Esso services today and the price for a litre of petrol was £2.05.9. Just four days ago Heycar was reporting the average price of petrol now 188.74p-per-litre and diesel 196.36p.
On June 8 the cost of filling up a petrol car exceeded £100 for the first time. The previous day saw petrol's biggest daily jump in 17 years, going up by 2.23p from 178.50p to 180.73p. On the same day, diesel increased by almost 1.5p to 186.57p.
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In May 2022 the average price of petrol was up 11p - the second largest monthly increase ever seen. Diesel hit 183p, pushing the cost to fill up a 55-litre tank of diesel past £100 for the first time, according to the RAC.
In the Spring Budget on 23 March 2022, Chancellor Rishi Sunak reduced fuel duty by 5p a litre until March 2023 in an attempt to counter previous record prices of 167.3p for petrol and 179.9p for diesel. This, along with the price of oil dropping, contributed to a decline in average pump prices in April 2022, although drivers did not feel the full benefit of the savings.
The average price of petrol was 162.75p by the end of April 2022, falling by 0.5p a litre from the start of the month, according to the RAC. Diesel stayed the same at 177p in April 2022 (it was 177.44p on 1 April 2022 and 177.31p on 30 April 2022).
April's average prices followed three months of fuel prices consistently reaching new record levels. March 2022 saw the largest ever increases in fuel prices.
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