•   
  •   

Money Petrol prices highest for three-and-a-half years

17:35  19 may  2018
17:35  19 may  2018 Source:   news.sky.com

New Honda Amaze to be priced aggressively?

  New Honda Amaze to be priced aggressively? New Honda Amaze to be priced aggressively?The Amaze retains its engines but gets tweaks notably the diesel being much more refined now. More than that the new look, new platform and added features makes the Amaze a much better car and by far currently the toughest rival to the Dzire. We will know the prices next week but this is by far the most important launch by Honda and the car maker is betting big on this car being slotted below the WR-V and City thus bringing in volumes. The compact sedan space is currently ruled by the Dzire with others falling way behind and the Amaze wants to change that.

Fuel prices have hit three - and - a - half year highs as non-supermarket petrol stations pile the rising price of oil onto customers. The AA revealed on Thursday it is cheapest for motorists to fill up at a supermarket.

Surge in oil price was rapidly reflected on the forecourts as price of unleaded petrol breached the 130p-a-litre mark for the first time.

Fuel © Getty Fuel

Motorists are paying the highest fuel prices for three-and-a-half years prompting many to cut back on car use or other spending, according to figures from the AA.

The motoring organisaton said average petrol prices had jumped to just over 126p per litre this week and diesel to just below 129p, both the steepest price since October 2014.

That was up from 121p and 124p in mid-April.

It comes after the price of Brent crude oil climbed above $80 a barrel this week for the first time since November 2014, amid some predictions that it will go up to $100.

A gas station worker pumps gas into a car at a gas station of the state oil company PDVSA in Caracas, Venezuela August 29, 2017. Picture taken August 29, 2017. REUTERS/Carlos Garcia Rawlins © Reuters A gas station worker pumps gas into a car at a gas station of the state oil company PDVSA in Caracas, Venezuela August 29, 2017. Picture taken August 29, 2017. REUTERS/Carlos Garcia Rawlins

That rise was driven by supply fears partly caused by the US pulling out of an international nuclear deal with Iran.

Oil prices hit highest level since late 2014 after Trump scraps Iran deal

  Oil prices hit highest level since late 2014 after Trump scraps Iran deal Investors were speculating on what renewed sanctions might mean for global crude supplies.Brent crude rose as high as 77.16 US dollars per barrel in morning trading, and were up nearly 1.2% near midday at 76.79 US dollars.

Fuel prices have hit three - and - a - half year highs as non-supermarket petrol stations pile the rising price of oil onto customers. The AA revealed on Thursday it is cheapest for motorists to fill up at a supermarket.

Petrol prices in the UK rose to their highest point during December over the past three years . He said: “Sadly, December was the month oil reached its highest point for over two and a half years – something that motorists are now feeling the effect of at the pumps.

AA president Edmund King said: "AA research has shown that nearly two in every five drivers are already cutting back on car use, non-fuel spending or both."

The motoring organisation said an "astonishing gap" had opened up between the prices being charged by supermarkets for petrol and those charged at oil companies' forecourts.

It said the supermarkets were on average 5p a litre cheaper, for only the second time since a price war in 2015 that pushed prices down to £1 a litre.

That was because most non-supermarket retailers were quick to pass on cost increases to their customers, the AA said.

Supermarket fuel prices have risen EVERY DAY since March .
Petrol and diesel are now 8p per litre more expensive than the end of March RAC Fuel Watch claims this represents a price rise every single day since 26 March 2018.

—   Share news in the SOC. Networks

Topical videos:

This is interesting!