UK petrol prices reach 150p per litre

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Petrol prices in the UK have surged to an average of 150.1p per litre, the highest level since November, according to data from the AA motoring group.

The rise in prices, accompanied by an increase in diesel costs to 158.3p per litre on Monday, comes despite an overall easing of inflation.

Luke Bosdet, spokesperson for the AA, highlighted the significant rebound in petrol prices, attributing it to a combination of factors including tensions in the Middle East driving up oil prices and a weaker pound against the dollar.

Data collected by the Competition and Markets Authority from nearly 3,000 forecourts revealed that 28.1% were charging at least 150p per litre for petrol, up from 23.8% a week earlier.

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