UK Petrol Averages 151.19p per Litre as Oil Prices Rise

Average UK petrol prices reached 151.19p per litre and diesel prices reached 164.85p per litre, according to RAC Fuel Watch data reported by GB News. Both fuels rose by 0.05p per day over the past week. The price of Brent crude oil jumped 3.4 percent to almost $79 (£59) per barrel.

That level remains well below the April peak of around $120 (£89.67) per barrel. Unleaded petrol had fallen 9p from 159.53p at the end of May to 150.59p on July 6 before rising above 151p over the weekend. Diesel increased from a recent low of 164.52p to 164.85p after dropping 27p from a mid-April high of 191.54p.

GB News reported that more than 10 million motorists are expected to travel around the UK in the coming days as schools break up for summer. Between Friday and Sunday, over 14 million leisure trips are forecast. Motorway service stations charge an average of 172.44p per litre for petrol and 187.71p for diesel, more than 20p above standard forecourt prices.

RAC head of policy Simon Williams said pump prices have started rising again on the back of last week's increase in the cost of oil. He noted that the savings drivers had seen recently could start to disappear.

AA fuel spokesperson Luke Bosdet said that despite more than a penny coming off the average price of petrol over the past fortnight, drivers across the UK now face new increases heading towards the start of the summer holidays. President Donald Trump announced that the Strait of Hormuz was open and would remain open with or without Iran.

He stated that the United States would be reimbursed at a rate of 20 per cent on all cargo shipped through the strait and that the US should be known as the Guardian of the Hormuz Strait.