Payroll and diesel prices in the UK have climbed to an eight-year high amid a supply crisis as panic fueled intense demand for the fuel.
According to RAC data, the average price of a liter of petrol across the UK increased from 135.87p on Friday to 136.59p on Sunday. Pump prices are the highest since September 2013.
Meanwhile, the price of wholesale petrol also rose to 125.22p four days later from 123.25p on Monday, 20 September, with the RAC warning that this could push pump prices further.
RAC Fuel spokesman Simon Williams called the situation a “bleak picture for drivers”.
He explained: “With the oil price rising and now near a three-year high, wholesale prices are being forced out, which means retailers are paying more for the same amount of fuel than they were a few days ago. .
“This has already increased the price of a liter of unleaded by a paisa from Friday.”
He added that prices could rise over the next few days “despite current supply problems”, before adding: “We are also aware of a small number of retailers taking advantage of current delivery conditions by raising prices. “
He also suggested drivers to “always compare the price they are being asked to pay with the current UK average which is 136.69p for petrol and 138.58p for diesel.”
A service station in Weatherby, near Leeds, was charging 153.9p for the Unleaded on Monday.
Angry drivers took to social media to tell stories of their experiences of hike in petrol prices.
A twitterer named John Pyle wrote: “Yesterday I came to a petrol station where the queue was not bad (7-8 mins), so I joined in and got filled up.
“While there, the queue stretched for miles down the road as word clearly spread, it was accessible. After that he raised the price. It just proves that people are creating frenzy.”
Meanwhile another tweeted that they must have clearly noticed that “Petrol stations are turning off the price display so you have no idea how much they are charging until you pick up the pump.
Howard Cox, founder of campaign group FairFuelUK, said a price hike of between 5p and 10p per liter has become “the norm in the past few days”.
He continued: “I hear in Ashford, Kent, they were all queuing for fuel at a filling station on the A20 in Maidstone on Saturday.
“They kept their prices up to £1.48 a liter to profit from it. Shell in particular is selling at £1.48, Texaco at £1.46.
As well as anger, Tory MP Craig McKinley said: “It is disappointing to see reports of pump price profiteering in some areas of the country.
He urged retailers to “not take advantage of the situation” and called for “reliable pricing at pumps”.
The news comes as Environment Secretary George Eustice said today that the government has “no plans at the moment” to use the military to operate petrol tankers amid fuel shortages.
Mr Eustice also called on motorists to stop “panic buying” and go back to their normal pattern of buying petrol.
Credit: www.independent.co.uk /