Increase in petrol and diesel prices in the UK

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Last month, the price of petrol rose for the first time since July 2015 and it is predicted to see further increases, Autocar reports.

The latest RAC fuel report revealed there had been a 3.4p per litre rise in average petrol pump prices to £1.05.

It is believed the increased prices are a result of oil reaching $40 (£28) per barrel for the first time since early December 2015.

According to the RAC, the rise in prices will add £1.84 to the cost of filling up a car with a 55-litre tank.

The motoring organisation predicts that petrol prices could see further increases of between 2p and 4p per litre in the next two weeks. This is despite the government freezing fuel duty in its latest Budget.

Diesel prices have also seen an increase, rising by 3.7p per litre. This will add £2 to filling up a 55-litre tank.

The RAC's fuel spokesman, Simon Williams, said: "The good times for motorists enjoying lower fuel prices had to come to an end at some point, but unfortunately it's happened with a bit more of a bump than motorists were probably expecting.

"It looks as though we are heading towards a new norm of the oil price fluctuating between lower and upper limits of $35 and $55 a barrel.

"This means that motorists should hopefully not see the eye-watering prices they were paying at the pumps in April 2012, when the average price of petrol was £1.42 per litre and diesel was close to £1.50 per litre."

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