Three months of UK oil prices ended in June

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Motorists received a “system shock” in June after the three-month halt in the drop in fuel prices – just as the volume of traffic started to rise again after the lockout.

The average cost of gasoline increased by almost 4p per liter from the start to the end of last month, going from 107.1p to 110.9p – while diesel rose by just under 3p-a- liter, from 112.07p to 114.96p.

This increase is partly due to the strengthening of the price of oil by more than $ 6, going from $ 35.48 to $ 41.87. Supermarkets, which had been praised for lowering prices in the past few months, responded by raising their prices the most, with the largest number returning to the road as part of easing measures for coronaviruses.

Up again: Three months of lower fuel prices ended last month, driving costs of the big four supermarkets higher for motorists, says new RAC report

The forecourt goes up means that a 55-liter gas tank has increased from £ 2 to £ 60.97 – although it is still £ 9 less, it cost in January.

The price hike has been described as a “blow to drivers” who have grown accustomed to seeing unusually low forecourt fees since the lockdown began.

Global travel restrictions on coronaviruses led to oil crushing to $ 13.21 a barrel in late April, driving the price of liter of gasoline down to an average low of 106.48p and diesel at 111.8p on May 19.

This was caused by Asda, Tesco, Sainsbury’s and Morrisons all offering lead-free for prices around – and below – the magic mark of £ 1 per liter from mid-May to early June.

The average dip in diesel in supermarkets was 105.5p over the same period – during which far fewer motorists were on the road due to the lockout.

However, it is the big four supermarkets that appear to have been the main drivers of the price hike last month, now that traffic volumes are returning to pre-Covid levels.

Morrisons had billed 99.7 liters of water for gasoline at UK service stations (including the one in Littlehampton, West Sussex) in early June.  At the end of the month, the price of gasoline in the forecourt of the supermarket jumped to 106.7p

Morrisons had billed 99.7 liters of water for gasoline at UK service stations (including the one in Littlehampton, West Sussex) in early June. At the end of the month, the price of gasoline in the forecourt of the supermarket jumped to 106.7p

According to the RAC Fuel Watch report, the most marked increases were seen at Morrisons service stations.

It went from the cheapest petrol and diesel at the beginning of June to the most expensive of large supermarkets, with fuels of 7p per liter with unleaded from 99.7p to 106.7p and diesel from 104.7p to 111 , 49p. .

Asda also raised its gasoline prices sharply by adding 6.5p, dropping the liter from 99.91p to 106.42p.

This means that at the end of June, Sainsbury had both the cheapest supermarket gasoline and diesel, at 104.42p and 109.01p respectively.

RAC spokesperson Simon Williams said, “The increase in pump prices seen in June was an unpleasant shock to the driver system.

“While those who continued to drive regularly throughout the pandemic will have benefited from very low prices, millions of people will not be disappointed because, while resuming driving, prices are going up.”

“It was, of course, the lack of fuel demand that brought prices down in the first place, so it’s not a big surprise that they are rising again now. “

Sainsbury had both the cheapest supermarket gasoline and diesel at 104.42p and 109.01p respectively at the end of last month

Sainsbury had both the cheapest supermarket gasoline and diesel at 104.42p and 109.01p respectively at the end of last month

The average price of fuel increased the most in Scotland, going from 105.9p at the beginning of June and ending the month at 110.6pa-liter

The average price of fuel increased the most in Scotland, going from 105.9p at the beginning of June and ending the month at 110.6pa-liter

London has the highest gasoline and diesel prices on average for the whole country.  Unleaded fuel reaches 112.1 liters per liter on average, while diesel goes from 113.8 to 116.2 liters.

London has the highest gasoline and diesel prices on average for the whole country. Unleaded fuel reaches 112.1 liters per liter on average, while diesel goes from 113.8 to 116.2 liters.

While prices are now higher than they were since March, RAC said drivers should take comfort in the fact that gasoline and diesel are a whopping 17p-a-liter cheaper than early 2020.

This means that a fuel tank costs on average £ 9 less than at the end of January.

The RAC estimates that gasoline prices could further increase by 2p per liter by mid-July. However, diesel car drivers are expected to see smaller increases over the next two weeks.

“The OPEC oil producer group and its allies continue to restrict production, which has driven up the price of a barrel and that can only mean one thing for drivers in the weeks to come – higher prices,” added Williams.

“This is confirmed by data from RAC Fuel Watch which shows that gasoline is expected to increase by 2p-one-liter in the next two weeks.

“Diesel, however, is not expected to increase much at all unless retailers use the savings from its slightly lower wholesale price to subsidize gasoline.”

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