August saw one of the biggest monthly fuel price hikes in 23 years
New figures show motorists across the country were hit by one of the biggest fuel price rises in decades throughout August.
According to the RAC, the average cost of petrol in April rose by 7p per litre - the fifth largest monthly increase in 23 years. Meanwhile, diesel prices soared by 8p per litre - the sixth largest over the same period. The RAC pointed at the increasing cost of oil as one of the key reasons for soaring pump prices. The price of oil had risen by nearly 12 US dollars a barrel since the start of July to nearly 87 US dollars due to producing group Opec+ reducing supply.RAC fuel spokesman Simon Williams said: “August was a big shock to drivers as they had grown used to seeing far lower prices than last summer’s record highs.
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