UK fuel prices: price of petrol and diesel hits record high - how much does it cost to fill an average tank?

Matt Allan
By Matt Allan
Published 14th Feb 2022, 10:59 BST
Updated 14th Feb 2022, 12:46 BST
No sign of fuel prices going down as cost of living crisis hits motorists

Fuel prices have reached new record highs, with an average tank of petrol now costing more than £80.

The price of petrol jumped to an all-time high of 148.02p per litre at the weekend, days after diesel reached a record 151.57p, according to the AA.

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The latest rises come as wholesale oil prices climb and household face soaring living costs.

Oil prices have surged from around $60 per barrel in February 2021 to $98 this month as demand returns to pre-pandemic levels and tensions in eastern Europe affect markets.

Oil prices have risen by more than 50% since last yearOil prices have risen by more than 50% since last year
Oil prices have risen by more than 50% since last year

The latest price rises mean it now costs £81.41 to fill the average family car’s tank with petrol, and £383.36 for a diesel fill-up.

The AA’s fuel spokesman Luke Bosdet said the rises put even more pressure on families already struggling with soaring household bills.

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He commented: “The cost of living crisis has been ratcheted up yet another notch, tightening the vice on family spending when it faces other pressures from impending domestic energy cost and tax increases.”

The RAC’s fuel spokesman Simon Williams warned that further rises could be on the horizon as wholesale prices continued to rise.