{"id":119730,"date":"2023-10-04T11:50:19","date_gmt":"2023-10-04T11:50:19","guid":{"rendered":"https:\/\/cottontailsonline.com\/?p=119730"},"modified":"2023-10-04T11:50:19","modified_gmt":"2023-10-04T11:50:19","slug":"uk-petrol-and-diesel-prices-latest-fuel-costs-explained","status":"publish","type":"post","link":"https:\/\/cottontailsonline.com\/auto-news\/uk-petrol-and-diesel-prices-latest-fuel-costs-explained\/","title":{"rendered":"UK petrol and diesel prices: latest fuel costs explained"},"content":{"rendered":"

Fuel retailers have lowered margins for now, but will be scrutinised closely as consumers count the cost of filling up.<\/h2>\n


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Mike Rutherford<\/p>\n

Petrol and diesel prices have been on the rise again recently – but pain at the pumps has been eased by retailers dialling back margins to \u2018normal levels\u2019.\u00a0<\/p>\n

For drivers breathing a collective sigh of relief as fuel prices eased back from record highs in summer 2022, the latest rises still come as a shock. The cost per barrel of oil rose to near $100 in September 2023, a movement attributed to OPEC producer nations reducing supply. Whether price rises continue depends on a multitude of factors, but RAC Fuel Watch suggests that concerns about the health of the Chinese economy, and also the end of the US summer driving season, could both dampen overall demand and therefore prices.<\/p>\n