Supermarket tip to save 13p per litre on rising | European Markets

Motorists have been hit with one more painful fuel price rise, as the fee of petrol and diesel reaches a six-month high.

New figures from RAC Gasoline Watch reveal that petrol costs have now risen for 5 consecutive months, pushing average pump prices to their highest ranges since final September.

The price of unleaded rose by 0.65p in February to hit 139.65p per litre, whereas diesel jumped by 0.73p to 146.48p – ranges final seen in August 2024.

For drivers, this implies filling up a typical petrol car now prices £76.81, almost £3 more than in October. Diesel drivers have been hit even more durable, with a full tank now setting them back £80.56 – an increase of over £4 in simply 5 months.

The rise in costs has been pushed by a spike in international oil prices, which reached $82 a barrel in mid-January. The increase was brought on by larger demand during winter and considerations over potential provide disruptions linked to the U.S. presidency changeover.

RAC fuel spokesperson Simon Williams described the latest price rises as “disappointing” and urged retailers to cross on financial savings to drivers as wholesale prices begin to fall.

“It’s disappointing to see pump prices up yet again in February, with drivers now facing some of the highest costs since last summer,” Williams mentioned.

“Motorists were the unfortunate casualties of rising wholesale prices in January, not helped by oil hitting the $82-a-barrel mark. But we hope better times are on the horizon. With wholesale fuel costs falling throughout February, there’s a good prospect petrol and diesel prices will come down this month as retailers buy fresh stock at lower prices.”

Regardless of the national rise, some stations are offering considerably cheaper fuel. Supermarkets proceed to undercut the national average, with costs 2.3p per litre decrease for petrol and a couple of.6p per litre decrease for diesel.

Some of the most cost effective petrol within the nation has been noticed at supermarkets in Stoke-on-Trent and Newcastle-upon-Tyne, promoting unleaded for simply 127.7p per litre.

In the meantime, an impartial forecourt in Shropshire is charging simply 126.9p per litre for petrol and 135.9p per litre for diesel, saving drivers £7 per full tank in comparison with the national average.

Williams suggested drivers to buy round and use price comparability instruments to keep away from being overcharged.

“It really does pay to shop around because pump prices at supermarket sites vary by as much as 13p a litre.”

Motorists in Northern Eire proceed to benefit from the lowest fuel costs within the UK, with unleaded averaging 132.9p per litre – almost 7p cheaper than the remainder of the UK. Diesel can also be more than 6p cheaper per litre, averaging 138.9p.

With wholesale costs falling for a number of weeks, consultants imagine pump costs ought to comply with. Nonetheless, the pace at which retailers cut costs stays a concern.

For drivers hoping to avoid wasting on fuel, the RAC’s free fuel finder software – accessible by way of the myRAC app – permits customers to match costs within a 2, 5, or 10-mile radius to search out the best native offers.

With costs at some stations dramatically decrease than others, drivers who store sensible might save over £7 per fill-up – a essential saving because the cost-of-living disaster continues to chunk.