Why is the petrol price rising again?

Brits are being hit by a triple-whammy of increasing oil prices, a falling pound, and new fuel mix standards that are pushing up petrol prices

Side view of a woman paying via smart phone while standing at fuel station
(Image credit: Maskot via Getty Images)

Anyone filling up at the pump lately will have noticed that petrol prices are, once again, on the rise.

According to the RAC, petrol prices in December were the lowest they’ve been in the month since the pandemic. However, as of 23 January, they have since risen by 2p to 138.5p per litre for unleaded petrol. Diesel prices have risen by slightly over the same amount to 145.01p.

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Latest supermarket petrol prices - Asda, Morrisons, Sainsburys and Tesco
BrandAverageLowestHighestDifference
Asda135.2p128.7p140.7p12.0p
Morrisons135.8p131.7p139.7p8.0p
Sainsbury's135.3p128.9p140.9p12.0p
Tesco135.0p128.9p141.9p13.0p
All brands135.2p128.7p141.9p13.2p
Swipe to scroll horizontally
Latest petrol prices from other brands
BrandAverageLowestHighestDifference
Asda Express134.8p127.7p143.7p16.0p
Essar134.9p134.9p134.9p0.0p
JET137.0p132.0p148.0p16.0p
Applegreen137.2p132.8p143.8p11.0p
Murco137.9p135.9p139.9p4.0p
Texaco138.0p132.7p143.9p11.2p
Co-op138.4p137.9p138.9p1.0p
Esso138.8p129.7p151.9p22.2p
BP139.8p131.9p164.9p33.0p
Shell140.6p132.7p162.9p30.2p
All brands138.9p127.7p164.9p37.2p
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Dan McEvoy
Senior Writer

Dan is a financial journalist who, prior to joining MoneyWeek, spent five years writing for OPTO, an investment magazine focused on growth and technology stocks, ETFs and thematic investing.

Before becoming a writer, Dan spent six years working in talent acquisition in the tech sector, including for credit scoring start-up ClearScore where he first developed an interest in personal finance.

Dan studied Social Anthropology and Management at Sidney Sussex College and the Judge Business School, Cambridge University. Outside finance, he also enjoys travel writing, and has edited two published travel books.