Press release -
Seven UK regions now exceeding 2012 record high petrol price
With a new record high petrol price of 142.94p set on Sunday 24 October, the RAC today reveals that the cost of unleaded in seven UK regions has now exceeded the previous high of 142.48p a litre reached on 16 April 2012.
The latest RAC Fuel Watch data* shows that Scotland, Wales, Northern Ireland, the North East and Yorkshire and the Humber are the only places in the UK where the average cost of a litre of petrol is still below the old record price.
RAC fuel spokesman Simon Williams said:
“With oil now at $86 a barrel and retailers taking more margin per litre than they did nine and half years ago, it surely won’t be long before every nation and region of the UK, perhaps apart from Northern Ireland, exceeds the 2012 high petrol price of 142.48p a litre.
“These high prices will be hurting households and businesses everywhere and could have a damaging effect on the economy at a time when it is recovering from the worst impact of the pandemic.
“We urge the Government to help ease the burden at the pumps by temporarily reducing VAT and for the biggest retailers to bring the amount they make on every litre of petrol back down to the level it was prior to the pandemic.”
Find out more about UK petrol and diesel prices on the RAC website.
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* UK national average pump prices quoted are based on Experian Catalist data. Wholesale prices, oil price and the value of sterling are based on data from Fuel Prices Online.
The press office email address is press.enquiries@rac.co.uk and media centre is at media.rac.co.uk. Please note: the press office is unable to help with individual customer enquiries - please visit the RAC contacts page to find the right contact.
About the RAC
The RAC, an iconic UK brand, provides complete peace of mind to 13 million UK private and business drivers, whatever their motoring needs. As well as its premium nationwide breakdown assistance service – with an expert branded patrol workforce attending more than two million breakdowns every year – it offers a wide range of market-leading products across insurance, legal services, vehicle inspections and service, maintenance and repair. The RAC is also at the forefront in helping drivers make the switch to electric vehicles and leads in the development of new solutions for businesses and OEMs, partnering with the best in the motoring and mobility space.
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