UK Petrol Prices Continue To Rise After EU Imposes Ban On Russian Oil

British drivers are being warned that “worse is sadly yet to come” on fuel prices, after the average cost of filling a typical family diesel car hits a new record of £100 for the first time.

According to new figures from the RAC, the average price of a litre of fuel was a record 182.7p on Saturday and 182.6p on Sunday. That brought the price of a full tank for a 55-litre diesel car to nearly £100.50.

Petrol prices also rose to a record high, going from 172.1p per litre on Saturday to a new high of 172.7p. The eye-watering figures came as the price of a barrel of Brent Crude hit £120 for the first time since March. The increase comes as European leaders continue to deliberate the notion of imposing further sanctions on Russian oil imports.

RAC fuel spokesperson Simon Williams said: “With crude oil prices consistently above $115 a barrel last week, worse is sadly yet to come just in time for the Jubilee bank holiday, particularly as petrol is now more expensive than diesel on the wholesale market.”

He added: “Due to the rapid rise in the cost of wholesale unleaded retailers are now taking smaller margins on petrol but larger ones on diesel. If the wholesale price of petrol stays above diesel, we ought to see the current 10p-a-litre gap in average petrol and diesel forecourt prices narrow. If this doesn’t happen diesel drivers will be getting a raw deal, and with prices at these historic highs, every penny matters to drivers.”