7p a litre jump at the pumps among biggest for 23 years

DRIVERS were hit by one of the biggest monthly fuel price rises in more than two decades in August.

- Neil Lancefield

The RAC said the 7p per litre spike in the average cost of petrol was the fifth largest monthly increase in 23 years.

And the 8p per litre hike in diesel prices was the sixth largest over the same period.

Rising pump prices are being caused by an increase in the cost of oil, which has gone up by nearly $12 a barrel since the start of July to nearly $87 due to producing group Opec+ reducing supply.

Inflated

This led to the wholesale cost of fuel what retailers pay going up, which has been passed on to drivers at forecourts nationwide.