Brit motorists face 2p a litre fuel rise as petrol prices hit three-year high

Petrol pumps will increase by an extra 2p per litre as fuel prices in the country spike to a three-year high.

Unleaded petrol has surged from 128.43p to 130.81p in a month, as figures from the AA have shown.

Meanwhile, diesel increased from 130.81p to 133.08p, the highest it's been since 2019.

In supermarkets, the average prices are £2 a tank cheaper than out of town or at an oil giant, with drivers paying 4p a litre less.

However, by comparison electric cars are the easiest on the wallet with fuel savings of up to 10p a mile, the AA continued.

Sky high oil prices are behind the sharp petrol price rise with oil hitting $74 a barrel this week.

Experts even reckon it'll edge towards the 2018 high of almost $77.

Giovanni Staunovo, commodity analyst at Swiss bank UBS, said: "With oil demand expected to rise strongly this summer and supply growth lagging demand growth, oil inventories will likely fall faster over the coming months.

"As such, we still see prices moving higher over the next three months."

AA spokesman Luke Bosdet added: "For those contemplating a post-Covid car change, the argument for switching to electric has become very much stronger."

According to the motoring group's figures, Asda is the cheapest for petrol at 125.52p a litre for unleaded and 127.84p for diesel.

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Meanwhile, BP was found to be the dearest for unleaded at 133.38p and also for diesel which costs 135.51p.

The AA also found the North East pays the least for petrol.

This costs 129.4p a litre for petrol, compared to 131.6p in the South East.

It's also the cheapest region for diesel, which is 131.8p a litre while it costs 134.1p in the South East.

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