{"id":234910,"date":"2023-09-06T11:17:50","date_gmt":"2023-09-06T11:17:50","guid":{"rendered":"https:\/\/lovemainstream.com\/?p=234910"},"modified":"2023-09-06T11:17:50","modified_gmt":"2023-09-06T11:17:50","slug":"petrol-prices-at-highest-level-this-year-as-price-of-a-litre-soars","status":"publish","type":"post","link":"https:\/\/lovemainstream.com\/world-news\/petrol-prices-at-highest-level-this-year-as-price-of-a-litre-soars\/","title":{"rendered":"Petrol prices at highest level this year as price of a litre soars"},"content":{"rendered":"<h2>Petrol prices rise to highest level this year with average price of a litre rising a penny in a week<\/h2>\n<ul>\n<li><strong>The price of petrol on UK forecourts has risen to its highest level so far this year\u00a0<\/strong><\/li>\n<li><strong>As of September 4, it stood at 151.7p, up from 150.7p the previous week\u00a0<\/strong><\/li>\n<li><strong>Price rise driven by increase in cost of oil, which has gone up almost $12 a barrel\u00a0<\/strong><\/li>\n<\/ul>\n<p>The price of petrol on UK forecourts has risen to its highest level so far this year, figures show.<\/p>\n<p>The average pump price of a litre of unleaded petrol has risen by a penny in just a week.\u00a0<\/p>\n<p>As of September 4, it stood at 151.7p, up from 150.7p the previous week, which marks the seventh weekly jump of petrol costs in a row.<\/p>\n<p>The rise is being driven by an increase in the cost of oil, which has gone up by nearly $12 a barrel since the start of July to more than $88, due to producing group Opec+ reducing its supply.<\/p>\n<p>This has caused the wholesale cost of fuel &#8211; what retailers pay &#8211; to go up, which in turn has been passed on to drivers.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i.dailymail.co.uk\/1s\/2023\/09\/06\/11\/75115243-12486333-image-a-1_1693995017181.jpg\" height=\"423\" width=\"634\"><\/p>\n<p>The average pump price of a litre of unleaded petrol has risen by a penny in just a week.\u00a0As of September 4, it stood at 151.7p, up from 150.7p the previous week, which marks the seventh weekly jump of petrol costs in a row.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i.dailymail.co.uk\/1s\/2023\/09\/06\/11\/75115865-12486333-image-a-16_1693996627702.jpg\" height=\"594\" width=\"634\"><\/p>\n<p>This graphic shows the soaring cost of petrol in pence since July, after it rose for the seventh week in a row<\/p>\n<p>The average price of a litre of unleaded petrol is now at its highest level since the end of December 2022 and has increased by 9p since early June.<\/p>\n<p>But it is still some way below the peak of 191.6p reached in July 2022.<\/p>\n<p>The average price of diesel has also been rising in recent weeks, climbing from 144.6p a litre in mid-July to 154.7p as of Monday.<\/p>\n<p>All figures have been published by the Department for Energy Security and Net Zero.<\/p>\n<p>Oil rose back above $90 a barrel as Saudi Arabia and Russia said they would extend production cuts to the end of the year.<\/p>\n<p>The rise took brent crude to its highest level since November last year and up by more than 25 per cent since the summer lows close to $70.<\/p>\n<p>The surge in oil prices spells yet more misery for motorists who have seen the price of fuel rebound in recent weeks.<\/p>\n<p>Source: <a href=\"https:\/\/www.dailymail.co.uk\/news\/article-12486333\/Petrol-prices-rise-highest-level-2023.html\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Petrol prices rise to highest level this year with average price of a litre rising a penny in a week The price of petrol on UK forecourts has risen to&hellip;<\/p>\n","protected":false},"author":2,"featured_media":234909,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8 - 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