FUEL prices shot up in December pushing the average cost of a 55-litre tank of petrol to £69.36 and diesel to £71.83.
Motorists had enjoyed price drops since July, but this came to a crashing end after Christmas.
The average cost of petrol now sits at 126.11p per litre, according to the RAC Fuel Watch, up by 0.24p compared to the beginning of December.
In comparison, the price of diesel went up by slightly under a penny at 0.75p, to 130.61p a litre.
Motorists felt the pinch as the global price of oil shot up by 5 per cent, which supermarkets were quick to react to.
The increase came just a couple of weeks after Asda started a supermarket pump price war in mid-December by cutting fuel prices by up 2p a litre.
The reduction took its pump price of petrol to 117.7p per litre, while it reduced diesel by a penny to 122.7p.
But by December 29, the supermarket had already increased its petrol price by 2.5p to 120.26p a litre.
Ways to cut down on your fuel costs
HERE are some tips on how you can slash the cost of fuel
- Make your car more fuel-efficient. You can do this by keeping your tyres inflated, taking the roof rack off, emptying your car of clutter and turning off your air con when driving at lower speeds.
- Find the cheapest fuel prices. PetrolPrices.com and Confused.com allows you to search prices of UK petrol stations. All you need to do is enter in your postcode and tell it how far you want to travel (up to 20 miles).
- Drive more efficiently. Some ways to do this, include:
- Accelerate gradually without over-revving
- Always drive on the highest possible gear
- If you can, allow your car to slow down naturally as your brake is a money burner
- Re-starting your car is expensive, if you can keep moving
To find out where the cheapest petrol stations are located near you, compare prices on Petrolprices.com or Confused.com.
Another way to get the cheapest fuel is by locating places where there are many stations close together, as the competition usually drives down prices too, according to Petrolprices.
Or if you live in a posh area, drive to a less posh one as you may find that prices are a few pence a litre lower there too.
Simon Williams, fuel spokesman at RAC said: "While there was some positive news for drivers in December with an overdue fuel price cut from the supermarkets mid-month, after Christmas things unfortunately took a turn for the worse.
"As we embark on a new decade it is difficult to see that 2020 will be a good year for drivers in terms of fuel prices.
"As it stands we can’t see any reason for prices to come down significantly.
"Sadly, it seems more likely that there will be slight increases to contend with.
"Unless of course there is a substantial jump in the value of the pound against the dollar or an unexpected drop in demand for oil."
In October, RAC warned that supermarkets and petrol stations were "charging 4p per litre more than they should be".
While the AA also accused garages of "ripping off" drivers by not passing on a 4p a litre wholesale cut.
Petrol prices shot up in July pushing the average cost of tank of fuel to £71.01.
Source: Read Full Article