The average price of petrol across the UK has jumped by more than 4p in a week topping £1.55 for the first time ever.
It means a gallon costs over £7 – something which many older drivers will be struggling to comprehend. Diesel, however, has increased by 6.5p a litre to £1.61 or £7.30 a gallon.
RAC fuel spokesman Simon Williams said,“These hikes are unprecedented and will sadly be hitting both homes and businesses hard.
“It’s therefore vital the Chancellor acts quickly to limit the damage by cutting VAT to at least 15% which would save drivers 6.5p a litre and take the average price of unleaded back under £1.50. Importantly, this could also limit the impact of inevitable fuel price rises in the coming days and weeks.”
