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Join us LIVE on how to beat soaring petrol costs as prices hit £81 a barrel

Gasoline and diesel prices have hit new record highs this past week, pushing a full barrel to £81 as tensions continue between Ukraine and Russia – but what can you do about this? We are here to help

Martyn James at complaint website Resolver.co.uk will join us directly to answer your questions
Martyn James at complaint website Resolver.co.uk will join us directly to answer your questions

Mirror will answer all your questions on fuel costs increase in the Cost of Living series: Here to Help Tomorrow.

Gasoline prices hit a new high of 148.02pa litres while diesel hit 151.10p over the weekend, beating the last record set on 20 November.

In short, that means filling up a family car would currently cost you around £81 – and it could soar even higher in the coming months.

“The cost of living crisis AA fuel prices spokesman Luke Bosdet said the hike has gone up another notch, tightening household spending as they face additional pressures from tax hikes and impending domestic energy costs. out.

Experts warn that prices will continue to rise with records broken almost daily, amid concerns that a Russian invasion of Ukraine can have a direct impact on supply.

So what can you do with it? Well, avoiding crowded service stations and quiet towns can be an easy way to save a few pounds.

The Mirror’s Emma Munbodh and Resolver’s consumer expert Martyn James will stream on Daily Mirror Facebook Page 1pm tomorrow to answer all your questions.







Gas prices are on the rise – but there are some great ways to beat it
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Send us your questions in advance at mirror.money.saving@mirror.co.uk

More than 43% of households are cutting back on car use to cover basic needs, half of which are those on lower incomes. cost of living crisisan AA report found this week.

Among 18- to 34-year-old drivers, 28% are cutting other consumer spending to make up for petrol prices increase.

Of the 8,361 working-age respondents, 10% are cutting back on their weekly shopping, rising to 17% among 25-34 year olds.

And the figures show that supermarkets are not helping the situation.

Ours Cost of living The team of experts is here to help YOU get through a very difficult year.

They will bring you the latest money news stories and also provide expert advice.

Whether it’s rising energy bills, weekly shopping costs or rising taxes, our team is there for you.

Every Thursday at 1 p.m. they’ll join a Facebook Live event to answer your questions and offer their advice. Visit facebook.com/dailymirror/live see. You can read more about team of experts here.

If you have questions – or want to share your story – please get in touch by sending an email webnews@mirror.co.uk.

Last month, the four major supermarkets posted a margin of 8.6% on unleaded gasoline sales, compared with 3.2% in 2019, according to RAC data.

Simon Williams, a fuels expert at RAC, said: “With oil prices climbing above the $100 per barrel and retailers wanting to get through the wholesale fuel price hike quickly, the New records can be set daily.

“Oil prices are rising due to tensions between Russia, the world’s third-largest oil producer, and Ukraine. Fuel costs have risen to record levels coupled with oil production remaining in the extra-kilometers driven by demand as the world emerges from the oceans. Translate.”

This increase comes just a week after oil giant BP posted highest annual profit in eight years.

The group revealed that it made a huge replacement cost profit of £9.5 billion – its preferred measure – for 2021 from a loss of £4.2 billion the year before.

Advocates of taxing giant energy companies believe some of this money should be recovered to help struggling households cope with the increase.

Shell was in the midst of layoffs last week when it reported a spike in profits on the same day as Ofgem announced an increase of nearly £700 in the cap on energy prices.

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https://www.mirror.co.uk/money/watch-live-how-beat-petrol-26246665 Join us LIVE on how to beat soaring petrol costs as prices hit £81 a barrel

Fry Electronics Team

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