UK oil industry continues petrol price rises

Unleaded petrol rose by more than half a penny per litre at the UK oil industry's consumer-facing outlets this week.

Figures from the Department of Energy and Climate Change (DECC) show the single largest weekly price rise since unleaded resumed its upward trend on September 13th.

It takes the fuel back beyond the 116p threshold, standing at 116.01p per litre on Monday, October 4th, up from 115.39p the week before.

The UK oil industry has now put up unleaded prices for four consecutive weeks, along with increasing the price of diesel.

Diesel itself climbed by 0.86p per litre in the past week, hitting its highest price since early August.

However, neither change counters the full 1p per litre duty increase enforced on October 1st, indicating the industry may have absorbed some of the immediate impact of the tax rise.

As always, the next weekly update from DECC is scheduled to be based on prices as of Monday, October 11th and to be published at 09:30 BST on Tuesday, October 12th.