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Fuel prices go up 0.5p a litre

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Fuel prices have edged up again, giving further misery to the already hard-pressed motorists.

Contrary to the sliding trend earlier this month, average diesel and petrol prices went up 0.5p over the weekend. With drivers already searching for the best petrol price, they don't need to waste more time looking anywhere else for a great van insurance deal.

Petrol now costs 134.72p a litre at British forecourts while diesel is priced at 138.75p a litre.

Bullish forecasts for the oil sector sent Brent crude prices up $5 a barrel last week. The weak sterling, which fell back below $1.60, contributed to the upward trend.

Lower sales volumes have forced Jet, one of the cheapest non-supermarket fuel retailers in the UK, to pull out of the West Country.

"Yet again we see another major swing of the fuel price pendulum with the stock market speculators gleefully predicting oil prices everybody else knows will raise inflation, cripple consumer confidence and derail economic recovery," said AA president Edmund King.

© Press Association 2011