Fuel prices as a result of the current Gulf crisis - what can UK drivers expect?
Commenting on the prospect of higher UK fuel prices in light of the current crisis in the Gulf, RAC fuel spokesman Simon Williams said:
“Increasing tension between Washington and Tehran will cause the oil price to go up as traders worry about availability of supply. This will inevitably spell bad news for drivers at the pumps in the UK. It also comes at a time when the oil price was already on the rise due a further OPEC production cut and the cooling of the US’s 17-month long trade war with China which has led to increased demand.
“As things stand, it looks like at least 2p a litre will be added to the price of both petrol and diesel in the next two weeks. If the current situation in the Middle East was to escalate however, drivers could be looking at far greater increases at UK forecourts.
“Unfortunately both petrol and diesel have also been subject to an annual EU renewable fuel obligation rise which has led to 1p a litre being added from the start of January.”
As of Sunday 5 January 2020, in the UK the average price of a litre of unleaded petrol was 127.09p, diesel 131.65p.
Notes to Editors
The press office email address is email@example.com. Please note: the press office is unable to help with individual customer enquiries - please visit the RAC contacts page to find the right contact.
ISDN radio studio facilities are available for interviews Monday to Friday.
About the RAC
The RAC provides complete peace of mind to 12m UK private and business drivers, whatever their motoring needs. Its services include:
- Breakdown assistance. Its highly-skilled, 1,600-strong branded patrol workforce attends more than two million breakdowns every year, fixing on average four out of five vehicles at the roadside. The RAC’s patrol fleet is one of the most advanced in the UK, and was the first to roll out both an All-Wheels-Up recovery system, allowing the vast majority of vehicles to be recovered from a single patrol van, and EV Boost mobile electric vehicle charging units
- Insurance. The RAC is a top-five car insurance broker having surpassed the 500,000 policies-in-force milestone in 2018. It also offers ‘black box’ telematics policies, as well as home and travel insurance
- Other motoring services. The RAC leads in the development of new solutions for business, fleets, electric vehicles and future car technology. Its additional products and services include a personal loans offering, a used car buying website, vehicle inspections and checks, legal services or up-to-the-minute traffic and travel information. It also has a network of Approved Dealers and Approved Garages which combine the trust of RAC brand with local service and convenience
The RAC also works to support the interests of its members and UK drivers on the most important motoring issues which it identifies via the annual RAC Report on Motoring and the RAC Opinion Panel. The Report on Motoring is the longest running analysis of driver opinion in the UK having been published every year since 1989.
For more information about the RAC, visit the RAC website.