Petrol and diesel prices rose by average of 3p a litre in July, figures show

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PETROL and diesel rose by an average of 3p a litre in July, figures show.

The cost of a litre of petrol increased from £1.11 to £1.14 while diesel went up from £1.15 to £1.18, according to RAC Fuel Watch data.

Petrol and diesel prices rose by average of 3p a litre in July, figures show

It added nearly £2 to the cost of filling up a typical 55-litre family car.

It was the second consecutive monthly fuel price rise and means petrol is now 7p a litre more expensive than it was at the end of May.

The RAC believes retailers should be cutting forecourt prices within the next fortnight as the wholesale cost of fuel fell last month.

The organisation’s fuel spokesman Simon Williams said: “The higher prices at the pump have been driven by the cost of oil increasing steadily to around 42 US dollars a barrel from a low of 13.21 US dollars in April.

“But drivers may well be given some respite as oil producers are planning on ramping up production despite the risk of renewed lockdowns around the world.

“This could easily lead to supply outstripping demand and therefore a reduction on the forecourts of the UK.

“There is some scope for retailers to already be reducing their prices.

“If they play fair with drivers we ought to see 2p a litre come off the price of unleaded and nearer 4p come off diesel.”

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