Petrol Prices Rise as we Enter 2017
News entry dated 04th Jan 2017

As 2017 gets underway, it’s slightly depressing to have to report that UK drivers are now paying more for a litre of fuel than they have for the past two years. At the time of writing, the average price of a litre of unleaded stands at 117.7 pence per litre, with diesel at 120.3 pence per litre.

It now costs in excess of £8 more to fill an average car than it did as we entered 2016 – not great news for those with miles to cover when the realities of the seasonal spending are beginning to hit home.

Unfortunately, circumstances also seem to suggest that prices will rise further. A previously-agreed oil production cut has just started to kick in, pushing the oil price upwards across the world. As things stand, crude oil costs just under $56 per barrel, with some pundits predicting it could hit $60 soon.

2017 petrol

This is clearly bad news for motorists. Exactly how bad things will get in the short term is, of course, a rather subjective call, but many press reports point to us seeing unleaded at 125 or even 130 pence per litre by the end of the month. This is in line with predictions we made as last year drew to a close.

Reasons for Positivity?

So after that rather grim start, can we offer you reasons to hope for change?

Well, the first thing to point out is that while fuel prices are up, we’re not facing the kind of scenario we had when the calendar flicked over to 2012, when per-litre costs were well on their way to over 140 pence. Thankfully there’s nothing to indicate that similar is on the cards.

In fact, some reports are even beginning to speculate that an oil price “correction” could be on its way, making this current price bounce a very short-lived thing. With Donald Trump about to be inaugurated and likely to do much to boost American oil production, it may not actually be that long until we’re talking about an oil glut all over again!

In the meantime, you can use our apps and our free service to make sure you’re paying the best possible price for fuel locally.

IMAGE CREDIT: Pixabay

Barry Ward January 26, 2017

OMG - you have to be kidding - look at the trends on oil prices - we should be paying no more than 80/85p per litre with the oil down at $50 a barrel - I monitored the price for about 14-15 months when it set off on it's downward spiral from around $130 per barrel to the $45/6/7 per barrel - the only graph you couldn't overlay on top of the line downwards was the pump price of petrol! - This time it's not the government stealing as usual with their 'tax' - it's the petrol companies being outright greedy - if only the British motorist could stand together for just one or two days and not buy a drop of the stuff - you would soon see the price come down! It's rip off after rip off and it's sickening!

Take the time to look at the last time petrol was at say £1.20 per litre and look at what the barrel price was at the same time - even factor in the futures trading if you wish, then look at the price today at the petrol companies cash pumps and look at todays barrel price! It's enough to make you sick!

Irrefutable evidence that the petrol companies are greedily ripping us off at the pumps and keeping quiet whilst the uninformed just blame the government and tax !

Wakey Wakey people and see who is behind this particular mask and holding the gun!

Martin Rosen January 7, 2017

It has to be a concerted effort, publicised in the national and social media that we are boycotting x product. We here represent a tiny minority of road users. The only problem if we do boycott say, Shell and therefore drivers use another company, the other companies will be happy. The 'don't buy on Tuesday' campaign wouldn't work because everybody would buy on Monday or Wednesday ! I really cannot see what we can do.

Out of interest I note the price I pay for petrol everytime I fill up, and in 2012 the highest price I paid was 138.9 in April.

graham johnson January 5, 2017

john cleary, have you never heard of tax and duty?

Trevor Lloyd January 5, 2017

Again. Brent crude is still below $60 a barrel and has been for the last two and a half years. Why is nobody paying attention???

Anthony Hunt January 5, 2017

I agree, some what with Brian Hope and some of what the others have said but; it always happens at this time of year, the cost of fuel will go down. The greedy fat cats are just raking more millions, to fill their already bloated coffers with the billions they already have and could not hope to spend in several life times. As a disabled person, I have to use my (wav) almost every day, just to get around, incidentally it runs on diesel. I already do what Brian advises we should, I put fuel my vehicle when and only when I need to, and never fill up (80 Ltrs) to the top, unless I have to travel a long distance, to save me having refill (usually much dearer to do so) during my journey.

keith cummings January 5, 2017

Just to show how we are all being ripped off:

Jan 07, a barrel was $52, petrol 87p ltr
Apr 12, a barrel was $104.93, petrol 142p ltr
Feb 16, a barrel was just $29, but petrol was 101p ltr.

So how can the price of a barrel go down by almost a half, but petrol go up by 63p a gallon?
Either the government, the oil companies or petrol stations are ripping us off. And no one says anything? We just accept this?

Geoffrey Headley January 5, 2017

They (that is the Govgernment) only tell us what they want us to know??
When the price rises the Government then gat a massive amount of money back in Tax, a real cash cow with Diesel drivers always coming off worse than most.

    Nigel Tasker January 5, 2017

    The thing is this, we British just do seem to accept what is given to us.

    The fuel companies and the fuel we burn in our homes too have been ripping us off for years, there is never any real changes in line with the price of a barrel of oil.

    If we complain they say oh well we purchased the fuel being sold months ago, strange how when the price of a barrel goes up you can bet your house on it within weeks the price goes up, sometimes days!

    The same never happens when the price of oil goes down does it, why well it is called profiteering, now we could protest, but if you remember back to the days of £1.40 a litre no one wants to pay that but we British are lazy and want everything done for us, if we was to rant and do what the yank's do then we would get somewhere, but until we decide we will do something and in big numbers nothing will happen.

    The greedy git's are now planning on cutting the supplies because they want more money out of us, we will soon see £1.40-£1.50 per litre, trouble is there is huge pressure coming in this year from the weak £. This will raise fuel even further.

john cleary January 5, 2017

To Bill, Alec, Ray and Brian: I whole heartedly agree with your points and have driving for 44 years and every time it completely infuriates me as i live in the sticks and can add 8p on a litre,I drive an old x trail diesel and need it as i am a care worker and have many farms to go to and this kills myself and colleagues trying to work,but they know no one can do anything it needs on mass.

john cleary January 5, 2017

here we go again, like Hitler said tell a lie the bigger the better, tell it often enough and the masses will believe it. As I said before, and others, the price of a barrel when it rocketed the last time was over £100 a barrel even when it was at its norm it was over £100 a barrel so if it is still well under £100 a barrel where is the rise in fuel coming from, referring to the above statement its what the governments have done for years,keep telling everyone,keep the media and magazines telling you about it then do it,no one will question it because we have all been told it was to happen,say's who,only the people that will make more money from it while the sheep just follow on.How come Europe,the canaries, Dominican Republic (at least when I was there) are all cheaper than us, an oil producing nation cos in Britain it a money cow, that simple.

BIll Baxter January 5, 2017

Changing the subject can anyone explain the new road tax rules that come into force in April and are they only applicable to new vehicles or do they apply to old vehicles as well?

Alec Sheppard January 5, 2017

Years ago we were all encouraged to "go diesel" as we were told it's cleaner cheaper and so much more efficient. So now having done that we find diesel fuel prices have increased to the situation where diesel economy (miles per £) has been wiped out. We were then, and still are, being conned. Motoring organisations could easily bring the main fuel suppliers to their knees by recommending a country-wide blanket boycott of their outlets for say one week at a time, of say, S***l or E**o until they see sense and moderate their massive profits.What do you think? Am I dreaming?

Ray Keating January 5, 2017

Just to avoid this price increase being blamed by others entirely on Energy Company profiteering, it would be interesting for PetrolPrices.com to carry out a quick calculation if not already done along the lines of the following. Take the petrol price as it was two years ago; adjust it for the change in £/$ exchange rate and oil price between then and now; then compare the result with today’s petrol price. Ok; I’m sure this is an over simplification but may provide a useful pointer nonetheless.

    Brian Hope January 5, 2017

    I agree with all that you say and have had the same idea for ages. I would pick on which ever is the largest non UK petrol/diesel producer and nobody buys their products for as long as it takes for them to put pressure on all the rest to reduce prices. The don't buy fuel next Tuesday idea is nonsense and will never work. But I won't hold my breath for anything to happen.
    Cest la vie !