The cost of filling up cars continued to rise in January, marking the fourth straight month of increasing fuel expenses. Petrol prices climbed 2 pence per litre to an average of 139 pence, while diesel increased by nearly 3 pence to 145.7 pence. The RAC attributes the rise to a surge in oil prices and a weakening of the pound against the dollar.
Drivers have seen the cost of filling up their cars rise again in January, confirming a fourth consecutive month of increasing fuel bills, analysis shows.Since the start of October, the price per litre has increased by 5p for petrol and 6p for diesel, the RAC said.
The rise has been partly attributed to a spike in oil prices in mid-January, which saw the cost of a barrel exceed $80 for several days. Motorists are paying around £2 more today than they were in October when filling up with petrol - and £3 for diesel - as fuel costs rose for four consecutive months The AA has estimated that the four month increase in petrol prices is generating a VAT bonus for the Treasury of more than £13.3million a month.
FUEL PRICES OIL PRICES ECONOMY TRANSPORTATION INFLATION
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