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....Transport costs are likely to be one of the main drivers of higher inflation, as petrol and diesel have become more expensive in recent weeks. “For road users, petrol prices are up after the respite given by lower prices over the summer,” said James Brown of consultancy firm Simon-Kucher. ... [Read full article on Guardian ]
Monday 11th of September 2017 05:01:04 AM
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....4% between July and August. Fuel costs also rose with petrol prices jumping by 1. ... [Read full article on Guardian ]
Tuesday 12th of September 2017 09:36:14 AM
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Latest Finance News related to Petrol Prices

UK prices rising faster than wages as forecasters predict inflation at 2.8% image
Source : Guardian [Read Article] Monday 11th of September 2017 05:01:04 AM
....Transport costs are likely to be one of the main drivers of higher inflation, as petrol and diesel have become more expensive in recent weeks. “For road users, petrol prices are up after the respite given by lower prices over the summer,” said James Brown of consultancy firm Simon-Kucher. ...
UK inflation tipped to rise again with wages forecast to stagnate image
Source : Guardian [Read Article] Sunday 13th of August 2017 03:28:41 PM
....Analysts are pointing to higher utility prices in July, following gas and electricity tariff hikes by EDF in late June, while food and furniture prices have risen steadily on the back of the fall in sterling. Philip Shaw, the chief economist at Investec, pointed to a further fall in petrol prices and the abolition of mobile phone roaming charges across the EU in mid-June as keeping inflation in check. ...
Consumer confidence is lowest since Brexit vote aftermath, survey finds image
.... With consumers now reporting a significant impact on their disposable income, there’s simply less money left over each month for buying the occasional treat,” said Robin Bulloch, managing director at Lloyds. “And while recent falls in forecourt petrol prices may provide some relief, it’s the rising cost of food and drink which continues to really stretch the purse strings. ...
Jobs market will suffer a Brexit slowdown, say experts image
Source : Guardian [Read Article] Sunday 14th of May 2017 11:01:29 PM
.... The rise is partly expected to reflect the timing of Easter, which this year fell in April, pushing up air fares in that month as a result. “The key influences this month are likely to be air fares, utility bills, continued foreign exchange pass-through and petrol prices,” said Alan Clark, an economist at Scotiabank. ...
These are the UK markets I’d meddle in. What would yours be? image
Source : Guardian [Read Article] Saturday 13th of May 2017 06:00:39 AM
.... That means you pay an extra £13 if you fill up there compared to a nearby Asda or Morrisons forecourt. Campaigners against rip-off petrol prices managed to get service stations to publicise their prices on motorway boards situated before slip roads, but this seems to have had no noticeable impact on pricing. ...
Toyota suffers first profit fall in five years image
Source : BBC [Read Article] Wednesday 10th of May 2017 06:59:07 AM
....The carmaker has been struggling in the US, its biggest market. Sales fell in North America as it battled to meet demand for bigger cars such as sport utility vehicles, which have become more affordable to drive thanks to lower petrol prices. ...
Asda and Morrisons cut petrol prices as oil price plummets image
Source : Guardian [Read Article] Friday 5th of May 2017 11:00:27 AM
....59) a barrel, compared to $56 in early April, a drop of 13%. Cheaper petrol prices will bring welcome relief to household budgets hit hard by rising inflation in recent months. ...
Costa Coffee owner welcomes plan for 'barista visas' after Brexit image
Source : Guardian [Read Article] Tuesday 25th of April 2017 12:20:58 PM
....Costa opened 184 new stores in the UK last year, taking the total to 2,218, and installed more than 1,500 Costa Express machines worldwide. Brittain also warned of a “tougher consumer environment” this year, with household budgets squeezed by the weak pound causing price rises, static wages and higher petrol prices. ...
Costa coffee owner Whitbread wary over prospects image
Source : BBC [Read Article] Tuesday 25th of April 2017 10:47:43 AM
....Last week, official data indicated that UK retail sales volumes posted their biggest quarterly fall in seven years in the three months to March. Speaking to reporters, Ms Brittain said: "Indications suggest that there is going to be some constraint on (the) pound in the average consumer pocket with inflation and higher petrol prices and a relatively static wage position. ...
Biggest fall in UK retail sales in seven years image
Source : BBC [Read Article] Friday 21st of April 2017 09:24:52 AM
.... . "Rising food and petrol prices, together with slowing real wage rises, appear to be finally prompting shoppers to tighten their belts, while the value of the pound continues to put pressure on retailers' costs. ...
Average UK car insurance premiums up 8% in a year image
Source : Guardian [Read Article] Friday 21st of April 2017 08:54:53 AM
....com said that prices have risen by 16% over the past year, with the average premium for comprehensive cover now £781. “Coupled with hikes in road tax for new cars and petrol prices rising since the start of 2017, it’s likely that many drivers will feel the cost of motoring burning a sizeable hole in their pockets,” said a spokesperson. ...
Inflation rates puts squeeze on savers as UK is in the midst of a 'silent savings crisis' image
....50 per cent fixed for two years, but these can be bettered elsewhere (see best buys on page 38). Inflation is being driven higher by price hikes on food, alcohol, tobacco and clothing, offsetting a dip in petrol prices and airfares. ...
UK retail sales fall again as rising living costs bite image
Source : Guardian [Read Article] Monday 10th of April 2017 11:01:12 PM
....3%, its highest for more than three years, according to a Reuters poll of economists. But some predict inflation possibly eased thanks to softer petrol prices and the later timing of Easter holidays making airfares lower than in March 2016. ...
UK retail sales shrug off Brexit fears with February rise image
Source : Guardian [Read Article] Thursday 23rd of March 2017 10:37:42 AM
....Sterling rose on the currency markets after news of the rise was announced, but the ONS said the bounce back had failed to recoup all the ground lost in December and January. It noted that spending was being curtailed by higher petrol prices. ...
Higher fuel prices take toll on retail sales image
Source : BBC [Read Article] Thursday 23rd of March 2017 10:14:20 AM
...."February's retail sales figures show fairly strong growth, though the underlying three-month picture shows falling sales as February's figures follow two consecutive months of decline in December and January," said ONS statistician Kate Davies. "The underlying trend suggests that rising petrol prices in particular have had a negative effect on the overall quantity of goods bought over the last three months. ...
Petrol price war sparked as supermarket SLASHES fuel costs amid tumbling oil prices image
. Asda is cutting petrol prices by 2p a litre from tomorrow and more supermarkets are expected to follow suit in the coming days. ...
Two-car families pay £40 extra per month as fuel prices soar, says AA image
Source : Guardian [Read Article] Friday 17th of February 2017 12:01:17 AM
....50 (£37) a barrel to about $56 now. This has pushed petrol prices in the UK higher, exacerbated by the pound’s slide against the dollar, as oil is traded in the US currency. ...
UK inflation is forecast to come in shy of Bank of England's 2 per cent target image
Source : Daily Express [Read Article] Tuesday 14th of February 2017 12:00:00 AM
....The move would see CPI reach its highest level since June 2014 and mark its fourth consecutive month of price growth. However, Alan Clarke, the head of European fixed income strategy at Scotiabank, said a jump in petrol prices could be enough to push CPI to 2 per cent in January. ...
UK inflation hits two-year high of 1.6% image
Source : Guardian [Read Article] Tuesday 17th of January 2017 10:13:33 AM
....The head of inflation at the Office for National Statistics, Mike Prestwood, said that while inflation was higher in December it was still below the Bank of England’s 2% target. “Rising airfares and food prices, along with petrol prices falling less than last December, all helped to push up the rate of inflation. ...
UK employment falls in months after Brexit vote image
Source : Guardian [Read Article] Wednesday 14th of December 2016 05:29:53 PM
....9% in October. It was the highest level in more than two years, driven higher by clothing and petrol prices, in a sign that the fall in the value of the pound since the Brexit vote is fuelling a rise in the cost of living. ...
UK petrol prices could rise by 3p a litre after Opec oil deal image
Source : Guardian [Read Article] Monday 12th of December 2016 06:21:51 PM
. Households face further pressure from rising inflation as experts predicted a surge in petrol prices following an agreement by oil producers to cut global output. ...
Opec deal pushes oil price up to $54 a barrel image
Source : Guardian [Read Article] Thursday 1st of December 2016 06:38:22 PM
....”. Motoring organisations warned the Opec deal could push petrol prices up by 9p a litre, adding an average £5 to the cost of filling a car. ...
UK petrol prices set to rise after Opec deal image
Source : Guardian [Read Article] Thursday 1st of December 2016 08:35:42 AM
....Petrol prices in Britain are set to rise after the Saudi-led Opec cartel agreed its first production cut in eight years, sending the price of oil surging. This could push up petrol prices by as much as 9p a litre, adding almost £5 to the cost of filling up an average family car, according to motoring organisations. ...
Morrisons to slash petrol price to below £1 image
Source : Guardian [Read Article] Sunday 20th of November 2016 12:39:05 PM
....“With Christmas around the corner, our customers tell us they very much welcome our help in reducing the cost of their fuel,” Fogg said. “That’s why we are turning the clock back to the start of this year when petrol prices were typically below £1 a litre. ...
US retail sales see strong growth image
Source : BBC [Read Article] Tuesday 15th of November 2016 03:21:50 PM
.... Spending at service stations increased by 2. 2% in October as petrol prices rose. ...
Petrol diesel prices SLASHED by 3p a litre at Asda and Tesco from TODAY image
Source : Daily Express [Read Article] Monday 14th of November 2016 04:14:00 PM
....However, the AA warned of stark differences in the prices between towns and rural areas charged by supermarkets. The motorising organisation said rural supermarket petrol prices are 2. ...
Petrol and diesel prices reach 15-month high, says RAC image
Source : BBC [Read Article] Thursday 3rd of November 2016 12:01:45 AM
....The RAC said the higher prices were due to a combination of rising crude oil prices, and the devaluation of the pound after June's Brexit vote. Average petrol prices rose by 4. ...
Who are the winners and losers in sterling’s plunge? image
Source : Guardian [Read Article] Tuesday 11th of October 2016 05:47:48 PM
.... Who are the losers and the winners in sterling’s plunge?. Drivers: Expect a surge in petrol prices in the next fortnight towards 120p a litre as motorists are hit by the double whammy of a fall in the pound and a rise in the price of crude on world markets, which are traded in dollars. ...
Less than one euro to the pound at many UK airports image
Source : BBC [Read Article] Monday 10th of October 2016 12:59:33 PM
....Travellers rates are in general much more favourable with specialist foreign exchange firms, or even if ordered in advance from the bureau operators themselves. Another effect of the falling pound is likely to be in higher petrol prices, according to the Petrol Retailers' Association (PRA). ...
National living wage 'failing to provide basic needs for lowest paid' image
Source : Guardian [Read Article] Wednesday 21st of September 2016 09:00:31 PM
....The commission said the fall in take-home pay across the country after the 2008 banking collapse, and slow wages growth in the past eight years, had left millions of workers struggling to make ends meet. Wages need to increase at a faster rate than rising rents, petrol prices and heating bills to continue closing the gap with higher-paid workers, the commission said. ...
Flights and fuel push everyday prices 0.5% higher image
Source : BBC [Read Article] Tuesday 19th of July 2016 08:36:15 AM
Expect fall in UK living standards and foreign investment, MPs hear image
Source : Guardian [Read Article] Tuesday 28th of June 2016 06:39:20 PM
....Appearing before the Treasury select committee in a hastily convened meeting, Stephen King, chief economist at HSBC, said living standards would “take the strain” as Britain struggled to cope with the aftershocks of the vote to leave the EU. King said higher petrol prices and more expensive imported food resulting from the low pound were unlikely to be offset by a boost to exports, while the uncertainty surrounding Brexit would reduce investment, leading to job losses and falling wages. ...
Brexit: What will happen to my...? image
Source : BBC [Read Article] Saturday 25th of June 2016 07:40:41 AM
. BBC News looks at some of the practical changes that are likely to follow from the UK's decision to leave the European Union, from passports to petrol prices. ...
EU referendum: Moody's cut UK's credit outlook to 'negative' image
Source : BBC [Read Article] Saturday 25th of June 2016 07:18:50 AM
....The result of the referendum - which saw more than 30 million people turn out to vote - saw British bank shares lose nearly a third of their value before rallying on Friday afternoon. Retailers and the AA motoring organisation warned that petrol prices were likely to rise by 2p-3p a litre because of the pound's fall against the dollar. ...
Prices, property, pensions: 30 EU referendum questions answered image
Source : Guardian [Read Article] Friday 10th of June 2016 12:53:56 PM
.... Those are two pretty sizeable “ifs”. And it’s hard to avoid concluding that the referendum result won’t have a huge direct effect on petrol prices when you bear in mind that what we pay is largely dictated by two very non-EU-related factors: the price of Brent crude oil ($51 a barrel on Tuesday this week) and UK fuel duty. ...
The way we shop now: the revolution in British spending habits image
Source : Guardian [Read Article] Friday 6th of May 2016 04:43:08 PM
....Rising employment, near-zero inflation and low interest rates have boosted household budgets. Food prices have fallen amid a supermarket price war, cheap oil has helped knock back petrol prices and the rise of discount retailers has cut the cost of clothes. ...
Would Brexit really force up your mortgage rate? image
Source : Guardian [Read Article] Friday 15th of April 2016 05:55:42 PM
.... An even weaker pound would increase import costs and supermarkets might put some prices up immediately. And petrol prices would jump. ...
Source : Reuters [Read Article] Tuesday 12th of April 2016 10:10:04 AM
....9 percent on the month in March, reflecting the timing of the Easter holidays, which last year fell in April. Clothing and footwear also contributed to higher inflation while food and petrol prices dragged. ...
UK inflation rises to 0.5% on early Easter travel costs image
Source : Guardian [Read Article] Tuesday 12th of April 2016 09:28:40 AM
....”. Archer emphasised that British consumers were continuing to enjoy one of the longest periods of low inflation in a generation; this was likely to come to an end over the coming months as higher petrol prices, rising average wages and higher import prices from the low pound fed into the figures. ...
UK inflation rate rises to 0.5% image
Source : BBC [Read Article] Tuesday 12th of April 2016 08:39:32 AM
.... This, alongside, a rise in clothing and footwear prices, was the main reason for March's increase. However, this was partially offset by a fall in food prices and a smaller rise in petrol prices compared with March last year. ...
Source : Reuters [Read Article] Tuesday 12th of April 2016 08:34:44 AM
....9 percent on the month in March, reflecting the timing of the Easter holidays, which last year fell in April. Clothing and footwear also contributed to higher inflation while food and petrol prices dragged. ...
Clothing costs and air fares push inflation to 15-month high image
Source : Daily Express [Read Article] Tuesday 12th of April 2016 12:00:00 AM
....Howard Archer, of IHS Economics, also believes an interest rate hike is a long way off. Mr Archer added: “Consumer price inflation may well edge back in April due to a correction from March’s Easter-related price increase, although much will depend on what happens with petrol prices which have risen recently amid a firming in oil prices. ...
Diesel drivers RIPPED OFF by retailers taking huge profits on fuel image
Source : Daily Express [Read Article] Monday 11th of April 2016 12:43:00 PM
....At the end of last week, diesel at the pump was on average 10. 45p a litre more expensive than wholesale costs, whereas petrol prices were only 5. ...
Cheap petrol days OVER: Prices at the pump jump past £1 mark with further rises on horizon image
.... But in parts of the country, rises were far steeper. Wales saw petrol prices jump the most with an increase of 3. ...
Rapid decline of coal use leads to drop in UK emissions image
Source : Guardian [Read Article] Thursday 31st of March 2016 10:45:36 AM
....The share of electricity generated by gas remained unchanged at 30% while nuclear’s share rose by two percentage points to 21%. The energy used by transport rose, which the government said was probably due to lower petrol prices. ...
Motorists face being driven off the road with rising costs image
Source : Daily Express [Read Article] Wednesday 16th of March 2016 07:59:00 AM
.... The average premium for over 50s is £298 a year, against a whopping £1,600 for the under 25s. Motorists will also be keeping an eye on petrol prices, which are starting to rise again as oil recovers to around $40 a barrel, up from a low of $27 in January. ...
Environmental and economic impact of British energy policy image
Source : Guardian [Read Article] Tuesday 15th of March 2016 07:01:22 PM
....The obvious way to do this would be to cut global greenhouse emissions now, but electorates are still utterly unwilling to accept the radical lifestyle changes we need to achieve this. No western government would dare double petrol prices or remove our ability to repeatedly fly abroad for holidays. ...
The end of £1 petrol? Drivers woe as prices at the pump rise ahead of the Budget image
....Tesco has started to raise prices at the pumps off the back of rising wholesale fuel costs after cutting prices to below £1 before Christmas. Average petrol prices have now edged up to £102. ...
Osborne's economic fitness regime image
Source : BBC [Read Article] Monday 14th of March 2016 12:02:15 AM
.... Tax receipts need to rise faster - or spending to be slashed faster - if he is to get that overspend down. The economy has enjoyed what Andrew Goodwin of Oxford Economics describes as a "sugar rush" -the equivalent of a big tax cut - or 'fiscal stimulus' - through lower petrol prices. ...
Car sales hit 12-year high in February image
Source : BBC [Read Article] Friday 4th of March 2016 10:34:21 AM
.... . "High consumer confidence, lower petrol prices and cheaper unsecured credit have enhanced the attractiveness of car ownership, but these drivers will be less supportive of sales growth in 2016," he added. ...
Australian economy grew 3% in 2015 to defy end of mining boom image
Source : Guardian [Read Article] Wednesday 2nd of March 2016 12:57:08 AM
....”. JP Morgan economist Tom Kennedy said lower petrol prices, rising house prices and falling saving rates were encouraging consumers to spend. ...
Venezuela hikes petrol prices amid crisis image
Source : BBC [Read Article] Thursday 18th of February 2016 12:19:56 AM
. Venezuela is raising petrol prices for the first time in 20 years, although the president claims it will still be the cheapest in the world. ...
UK inflation rises to 0.3% in January image
Source : BBC [Read Article] Tuesday 16th of February 2016 09:32:13 AM
Inflation is pretty much dead right now. So what's with the market's overreaction? | Greg Jericho image
....Nothing in these figures would scare the RBA into thinking it needs to hold off on cutting rates for fear that inflation is about to let rip. Indeed, the drop in automotive fuel prices recorded in the inflation figures includes petrol prices from October which are more than 10 cents a litre higher than current prices, it is likely the March quarter inflation figures will again be low off the back of low petrol prices. ...
Oil prices to stay near current level throughout 2016, World Bank says image
Source : Guardian [Read Article] Tuesday 26th of January 2016 03:00:10 PM
....Only two yeas ago, oil was trading at above $115 a barrel and petrol pump prices were more than 130p a litre. In recent weeks the price of Brent crude has sunk below $30 a barrel and supermarket petrol prices have dipped below £1 a litre. ...
Marston’s toasts a happy Christmas with sales rise image
Source : Telegraph [Read Article] Tuesday 26th of January 2016 10:19:17 AM
.... “We were helped by the weather – although it was very wet, it was mild, which encouraged people to go out,” said Ralph Findlay, chief executive. The “consumer environment” had strengthened, he added, with lower petrol prices making customers feel they had more money in their pockets. ...
Asda and Tesco cut diesel price to 97.7p per litre image
Source : Guardian [Read Article] Friday 22nd of January 2016 09:49:45 AM
....6% less at the pumps. Related: Supermarkets slash petrol prices to below £1 a litre. ...
UK inflation rises unexpectedly image
Source : Guardian [Read Article] Tuesday 19th of January 2016 09:42:31 AM
....“Persistently weak inflation means there is little incentive for the Bank of England to raise interest rates. Those wanting an early rise may point out that the big falls in food and petrol prices in early 2015 will soon drop out of the inflation numbers in coming months. ...
City News: Adidas, WhatsApp and Inflation image
Source : Daily Express [Read Article] Monday 18th of January 2016 10:36:00 PM
....1 per cent for the past 11 months, straying into negative territory in October, September and April. Howard Archer, chief UK and European economist at IHS Global Insight, said: “Inflation is expected to have been minimal again in December due to ongoing appreciable discounting by retailers, muted food prices and lower petrol prices. ...
Oil slump - the true cost of falling prices image
Source : Guardian [Read Article] Sunday 17th of January 2016 10:00:49 AM
.... Sub-$10 oil in the late 1980s led to BP buying rival Amoco for $42bn and a series of other mega-mergers as companies sought to bulk up while cutting jobs and offices. Motorists have already benefited from lower petrol prices, which are now below £1 a litre in some places – but they still do not reflect the true cost of supplies, and $10 oil would bring more benefits. ...
Rise in London minicab numbers 'increase journey times by 10%' image
Source : Guardian [Read Article] Wednesday 13th of January 2016 05:26:53 PM
.... Uber supports schemes like the cycle superhighway but we share the LTDA’s concerns about the congestion problems these works are currently causing. “The Department for Transport’s own figures suggest three things are responsible: delivery vans, low petrol prices and a growing economy. ...

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