Login
New hero

Petrol prices on the rise again after oil costs increase

By Tom Gibson | April 25, 2023

Share

Why not leave a comment?

See all | Add a comment

Retailers were slow to lower the price of fuel when oil prices fell but have, predictably, been quick to increase prices now

Petrol prices on the rise again after oil costs increase

Fuel prices have been steadily falling from sky high levels over the past six months but that trend is about to end.

The slight rise in oil prices means the average cost of petrol has increased by 0.5 since the end of March.

The cost of oil itself has risen by over $10 (£8.05) since mid-March following a surprise production cut by the oil producer group OPEC.

Despite petrol prices falling for 22 consecutive weeks, motorists who use diesel didn’t experience the same reductions with the average price remaining at a stubbornly high 172.2p.

AA fuel price spokesman Luke Bosdet said UK drivers have are still being impacted by a pump-price postcode lottery and highlighted an area of Norfolk, where this week supermarkets were selling a litre of petrol for 146.9p in Dereham, but 13 miles away in Fakenham the cost was 158.9p.

Bosdet also said diesel drivers ‘are clearly being ripped off’ as, although prices have fallen slightly this ‘doesn’t excuse the fact that diesel supplied to the retailers has been cheaper than petrol for a month.’

Related Articles

UK ZEV mandate: Government delays review of EV sales targets until 2027
The Government rejects an urgent UK ZEV mandate review despite SMMT warnings of 'unsustainable' EV costs. Find out what this means for car...
Mar 13, 2026
Fuel price chaos: Watchdog warns retailers over overcharging drivers
UK fuel price profiteering probed: CMA warns retailers on 'rocket & feather' pricing. Discover what this means for UK petrol & diesel...
Mar 13, 2026
Audi A8 discontinued: UK order books officially close after 30 years
Audi A8 axed: Production ends as Audi shifts focus to the new Q9 luxury SUV. Find out why the A8 is being cancelled and what replaces it in...
Mar 12, 2026
Why Tesla and BMW drivers face highest pothole repair bills
Discover the worst areas for potholes in the UK and how to claim compensation. See why Tesla and German car owners are most at risk and get...
Mar 12, 2026