Rise in petrol price ‘could continue’

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Anne King, the council’s executive officer, has also urged Islanders to shop around when buying petrol, as there is a 17p per litre difference between the cheapest and most expensive garages. There is also a similar difference with diesel prices.

A weak pound, the high price of crude oil and US economic sanctions on some oil-producing nations are some of the factors causing the spike.

In the UK, prices rose by about nine pence over the same two-month period – the highest monthly rise in 18 years – and led to petrol prices hitting their highest levels since 2014. The cost of diesel also rose at around the same rate.

Mrs King said that a combined rise in the cost of vehicle fuel, heating oil, diesel, electricity, gas and food was making living in Jersey more expensive.

‘The rise in the price of petrol is now combining with a number of other rising costs,’ she said.

‘With Brexit’s trade deal issues – both in the EU and globally – I think we could potentially see more increases.

‘I would certainly advise Islanders to shop around to find the best price when looking for fuel. There is currently a 17 pence [per litre] difference between the cheapest [108.9 per litre] and most expensive [129.4 per litre] petrol on offer.’

However, according to UK motoring organisation the RAC, OPEC – which regulates world oil prices – is due to meet on 22 June and could decide to bring prices down.

Simon Williams, a fuel spokesman for the RAC, said: ‘Oil prices passed the $80-a-barrel mark in May, but have since fallen back a little to around $75 a barrel.

‘This could offer a glimmer of hope that prices at the petrol pump may come down in the weeks and months ahead.’

For more information about Jersey’s fuel prices visit jerseyfuelwatch.com.

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