The price of petrol and diesel in the UK is set to increase by 3ppl over the next few days following the closure of the North Sea Forties Pipeline that supplies over 40% of the UK's oil. A hardline crack was found in the major UK pipeline following a routine inspection.
Petrol prices are set to surge to 123.21ppl - the highest since 2014 and diesel is set to rise to 126.21ppl.
RAC fuel spokesman Simon Williams stated: “An increase of up to 3p a litre is very bad news for motorists who are already having to endure the highest prices at the pumps for three years.
“This closure will inevitably lead to an unwelcome increase in the price with the knock-on effect of raising the wholesale cost of both fuels.
“This really isn’t what drivers need at Christmas when many are travelling longer distances to spend time with family and friends.
“This will only serve to make the most expensive time of year even more costly.”
Company Head Office
AID Fuel Oils Group
Cocksparrow Lane
Huntington
Cannock
Staffordshire
WS12 4PB
