×

We've got news for you.

Register on BusinessLIVE at no cost to receive newsletters, read exclusive articles & more.
Register now
Picture: BLOOMBERG
Picture: BLOOMBERG

The cost of fully filling up a standard UK car with petrol surged above £100 for the first time, underscoring the unrelenting pressure the country faces from spiraling fuel prices.

“It’s a truly dark day today for drivers with petrol now crossing the thoroughly depressing threshold of £100 a tank,” RAC spokesperson Simon Williams said. 

Britain, like the rest of the world, is seeing the cost of living rising. Fuel prices feed into that because they affect almost every corner of the economy — from mobility to the cost of producing goods. 

Oil prices have surged since the invasion of Ukraine on concern about the supply of Russian supplies. For petrol and diesel, a bottleneck in the global refining system has exacerbated already elevated prices, while the Britain also taxes road fuel consumption more than some other countries, including the US. 

Filling up a standard 55l car with petrol now costs £100.27, while the same for diesel rose to £103.43, RAC’s data show.

Average petrol prices rose 0.9% to 182.31p a litre. Diesel advanced 0.8% to 188.05p.

More stories like this are available on bloomberg.com
Bloomberg

subscribe

Would you like to comment on this article or view other readers' comments?
Register (it’s quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.