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Gloucestershire Business News

Fuel costs at highest level since 2013

The cost of petrol has gone up by 20p since November, hitting the highest levels since 2013, reports automotive group the AA.

The average pump price across the UK is now above 133p per litre, whereas it was 114p in the autumn.

Diesel has seen a similar hike, with the cost rising to 135.74p from 117.20p in November.

Petrol prices declined massively at the beginning of the pandemic in 2020, as people were not going anywhere. Prices were as low as 106.8p in May, the lowest in 25 years. Demand for more oil, with industries opening back up and Brits choosing staycations over holidays abroad have led to prices increasing again.

The cheapest fuel in Gloucestershire is currently at all Asda locations, on Metz Way in Gloucester, in Quedgeley and in Cheltenham. This is according to confused.com.

Luke Bosdet, the AA's fuel price spokesperson, said: "Surging pump prices continue to drain family and other consumer spending.

"A family with two petrol cars would have spent around £230 on fuel in November had Covid lockdowns not discouraged travel. Now, the monthly cost of refuelling their vehicles is above £265."

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