After weeks of joy for the UK motorists with continuous dip in petrol prices, the Automobile Association (AA) reports a reprise in the petrol prices with the average cost of a litre of petrol rising to 132.18 pence per litre from 130.81 pence per litre at the beginning of this month.

In mid-April, the average petrol prices peaked at 142.48 pence per litre and fell to 130.81 pence per litre, before rising to 132.18 pence per litre. The AA said that if the fall in the north west European wholesale price of petrol had been made effective, the consumers would have paid lesser than they were at the beginning of the month.

Petrol prices in London are usually the most expensive in the country but at 132.18 pence per litre now for petrol and 137.26 pence per litre for diesel, are not only lower than the UK average but also closer to the prices in Midlands and the north of England.

Across the UK, Yorkshire and Humberside supply the cheapest petrol at 131.6 pence per litre and petrol is most expensive in Northern Ireland at 133.4 pence per litre. Diesel is dearer in South East England at 137.8 pence per litre and is cheapest in Yorkshire and Humberside at 136.6 pence per litre. So, if you are a resident of Yorkshire and Humberside, you have slightly lesser worries than those dwelling in other parts of the UK.

AA president Edmund King said, “It was inevitable that pump prices would eventually rise again but, as has been the case so many times in recent years, the questions remain: should it be happening now and what is driving them up? Is it the fundamentals of supply and demand or speculation in the oil and wholesale fuel markets? Current evidence seems to suggest the latter.”

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