Skip to content
CityAM
Main navigation
  • News
    • News
      • Latest Business News
      • Economics
      • Politics
      • Tech
      • Banking
      • FTSE 100 Live
      • Retail
      • Insurance
      • Legal
      • Property
      • Transport
      • Markets
    • From our partners
      • AON
      • Bayes Business School
      • Canada BIDs
      • Central London Alliance CIC
      • Destination City
      • Halkin
      • Olympia
      • Inside Saudi
      • Tottenham Hotspur Stadium
      • Santander X
      • YEAR SIX Dividend
    • Featured

      Would a £10bn VAT cut really save hospitality?

      Business professionals discussing strategies in a modern office setting with diverse team collaboration visible

      Submit a story

      Tell us your story.

      Submit
  • Opinion
  • Sport
    • Latest Sports News
      • Sport
      • Sport Business
    • From our partners
      • The Morning Briefing: SBS x CityAM
      • Aramco Team Series
      • LIV Golf
    • Featured

      Platitudes in women’s sport are empty, patronising and offensive

      Business professionals in a conference room discussing strategy with a presentation screen displaying key market trends.

      Submit a story

      Tell us your story.

      Submit
  • Life&Style
    • Life&Style
      • Life&Style
      • Toast the City Awards
      • The Magazine
      • Travel
      • Culture
      • Motoring
      • Wellness
      • The RED BULLETiN
      • Do it with Shared Ownership
      • Media Speak Hub
    • Featured

      Fogo de Chao nominated for Best Casual Dining Toast award

      Fogo de Chão restaurant exterior with vibrant signage and bustling entrance at popular city location

      Submit a story

      Tell us your story.

      Submit
  • Investec
  • Events
  • Latest Paper
Wednesday 18 May 2022 2:08 pm

Fuel hikes leave UK drivers with £700 less in their pockets

By: Ilaria Grasso Macola

Add as a preferred source on Google
Average petrol and diesel prices have risen by 10p per litre so far this year, new figures from motoring group the RAC show.
Average petrol and diesel prices have risen by 10p per litre so far this year, new figures from motoring group the RAC show.

Fuel prices spiking to record levels will leave UK drivers with £700 less per year, according to used car buying service ChooseMyCar.com.

Figures revealed that the cost of filling up has increased by £25 per tank, resulting in a yearly range of between £525 and £700 for a car with an average mileage of 13,000 miles per year.

“The cost of living is already so high, but fuel prices are absolutely staggering,” commented ChooseMyCar.com’s founder Nick Zapolski.

“Our recent studies show that the impact on Brit drivers of fuel costs is already severe. How much more can people afford to pay?”

RAC reported today that petrol prices have spike to 167.64p per litre, with diesel soaring to 180.88, 0.5 per cent more compared with the weekend record of 179.9p.

This means a full 55-litre tank of petrol now costs £92.20 for petrol and £99.50 for diesel, CityAM reported.

According to motorist group AA, Brits should fill up their tanks at supermarkets as they are cheaper than oil companies.

Read more

Middle East conflict revs up costs for young drivers 

Sabre Insurance has recovered from recent turbulance.

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • News

Categories

  • Transport & Infrastructure

Related Topics

  • Cars
  • fuel

Trending Articles

  • As it happened: Stocks sink after Fed and Bank of England opt for hawkish hold; Oil price tumbles

  • FTSE 100 Live: Pound dips and stocks slip as Andy Burnham victory triggers political uncertainty

  • City investors raise alarm on Burnham’s Chancellor pick

  • Inheritance tax enquiries surge to six-year high after HMRC clampdown

  • More Big Four blues as Deloitte plans to slash UK audit roles

More from CityAM

  • Middle East conflict revs up costs for young drivers 

    Insurance
    Sabre Insurance has recovered from recent turbulance.
  • Used EV sales soar as drivers look to curb fuel costs

    Tech
    JBR was founded in 2015 and specialises in high-end vehicles like Aston Martin, Lamborghini and Rolls-Royce.
  • Petrol prices hit Iran war high as oil tops $100 again

    Economics
    Close-up of a petrol pump nozzle dispensing fuel at a gas station, highlighting rising fuel costs and economic impact.
  • Rachel Reeves to scrap fuel duty hike 

    Economics
    Rachel Reeves speaking at an IOD event.
  • Tesco fuel sales drag up slowing growth

    Retail
    Tesco shares have reacted positively to the retailer's latest update.
  • IAG: British Airways owner plays down jet fuel shortage concerns

    Aviation
    A British Airways plane taxis from Heathrow's Terminal 5
  • Soaring petrol prices and Devil Wears Prada 2 help consumer spending return to growth

    Economics
    Supermarkets have been accused of hiking petrol prices to artificially high levels
  • Ryanair warns ‘weak’ airlines will go bust this year as fuel costs soar

    Aviation
    Elon Musk and Ryanair CEO Michael O’Leary face off amid acquisition rumors in a business meeting setting

CityAM Canada — business, markets and opinion for Canadian readers.

Sections

  • Business
  • Markets
  • Tech
  • AI
  • Economics
  • Opinion
  • Cities

Company

  • About
  • Contact

Legal

  • Terms of Use
  • Privacy Policy
  • Cookie Policy
© 2026 CityAM Canada. All rights reserved.
Terms · Privacy · Cookies