Britons are facing record fuel prices.

Across the country, energy prices are rising.



According to the most recent RAC data, the average price of petrol in the UK has risen above £1.70 per litre for the first time.


Unleaded petrol, the British term for gasoline, was reported to have cost £1.69 ($2.12) per litre on Monday, up from £1.68 last Thursday. Meanwhile, the average diesel price fell to £1.8137 per litre on Monday, down from £1.8148 the day before.


Petrol prices have risen to "another unfortunate landmark," according to RAC fuel spokesman Simon Williams.


"While wholesale prices may have peaked for the time being last week," he said, "they are still worryingly high, which means there is no respite from the record-high pump prices that are so relentlessly contributing to the cost-of-living crisis."


Fuel price increases in the United Kingdom have coincided with rising inflation, which began during the coronavirus pandemic and the resulting supply-chain disruptions. This is one aspect of a broader cost-of-living crisis that has been exacerbated significantly by a slew of Ukraine-related sanctions imposed on Russia, sending the prices of essential commodities and goods skyrocketing.


Despite the government lowering fuel duty by 5 pence per litre in March, petrol prices have risen.


Williams has urged the UK government to take additional steps to relieve the burden on drivers, households, and businesses.


Fuel price increases have not only affected the United Kingdom. In the United States, gasoline prices have reached all-time highs, while in European wholesale markets, the fuel's premium to crude oil is well above the seasonal norm.


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