Petrol prices have reached a record high of 157.81p per litre, according to the latest data from the AA Fuel Price Index. This represents a 0.6p increase over the weekend, with diesel prices also rising by 1p to 175.71p per litre. The RAC has warned that prices are likely to continue rising this week, with motorists facing further financial pressure.
The AA Fuel Price Index data shows that the average price of petrol has surpassed the previous record high set during the Iran conflict. The RAC has urged the government to take action to address the issue, citing the impact on motorists and the wider economy.
The UK government has been under pressure to address the rising cost of living, with many households struggling to make ends meet. The increase in petrol prices will likely exacerbate this issue, with many motorists facing higher fuel bills.
The RAC has also highlighted the impact on road safety, with drivers being forced to cut back on essential journeys due to the high cost of fuel. The organisation has called for greater transparency in the fuel market, as well as measures to support motorists who are struggling to afford the rising cost of fuel.
The Foreign Office has not issued any travel advisories related to the rising cost of fuel, but motorists are advised to check the latest advice before embarking on any journeys.