Drivers hit by higher New Year fuel costs.

06 January 2017

Fuel prices are rising, according to Government data
Fuel prices are rising, according to Government data

Drivers are having to face up to the most expensive petrol costs since the end of 2014, new research shows.

According to figures from the Government, the price of a litre of petrol reached an average of £1.17 on Monday (January 2), the highest level since December 2014.

For diesel drivers, prices are at their highest point since July 2015, coming in at an average of £1.20 per litre.

According to the figures from the Department for Business, Energy and Industrial Strategy, fuel prices have climbed by more than three pence per litre in the past four weeks alone.

Commenting on the Government's data, Steve Gooding, director of motoring research charity the RAC Foundation, said: "For the 17 million people or so who commute by car the return to work will have come with a nasty surprise. With pump prices up again, the cost of an average tank of fuel is around £10 more today than it was a year ago."

This week has also presented bad news to train commuters, with rail fares rising by an average of 2.3%.

This article was written by the Press Association, for Legal & General. Please note the views expressed in this article are not necessarily the views of Legal & General and its group of companies.

Copyright Press Association 2017