Motorists are being warned the price of petrol could exceed 121.61p a litre by December, Sky News has reported.

At present the average price for unleaded petrol is 117.7p a litre, two pence more than two weeks ago. However, this price has been predicted to rise by a further five pence over the next two months, creating record prices for the cost of filling up.

A rise in international oil prices is being blamed for this latest petrol price increase; the cost of oil has climbed from $10 to $80 a barrel in the past month.
The highest UK petrol prices to date were seen this year on 12 May, when they reached 121.61p, according to the AA. Motoring strategist from the RAC, Adrian Tink, told Sky News: “If this trend continues and we in addition see an increase in demand for the winter months then we may well see the record highs of May eclipsed before Christmas.

“It looks likely the price will break through its record again in the next few weeks. The last peak was because of the low pound, which increased the cost of imported fuel. Now we have rising oil prices and winter is approaching.”

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