The good times have come to an end for Huddersfield motorists – with petrol prices on the rise again.
The price of a barrel of oil rose above 40 dollars mid-March – the first increase since December 4 last year – triggering a spike in the cost of fuel on filling station forecourts after eight months of falling pump prices.
Prices across Huddersfield now range from about 100.9p to 105.9p a litre for unleaded and 100.9p to 106.9p a litre for diesel. Average prices stand at about 103.7p a litre for unleaded and 104.9p a litre for diesel.
Across Yorkshire, the average price for unleaded has risen from 101.77p a litre at the start of March to 104.78 by the end of the month while the average for diesel has increased from 101.41p to 104.79p.
Bernard Stern, of petrol retailer C J Stern (Oils) Ltd, at Scar Lane, Milnsbridge, said: “The price had bottomed out at about 28 dollars a barrel and it is now closer to 40 dollars a barrel, which is quite a hike. We have seen about a 4p or 5p rise in the price at the pumps.
“But I wouldn’t think it would go up too much more because the slowing down of the world economy, particularly in China, has flattened out demand. ”
Simon Williams, fuel spokesman for the RAC, said: “The good times for motorists enjoying lower fuel prices had to come to an end at some point, but unfortunately it’s happened with a bit more of a bump than motorists were probably expecting.
“With an important oil production meeting scheduled for mid-April, more bad news at the pumps may be on the horizon.”
The price of a barrel of oil rose above 40 dollars for four days in the middle of March before dropping back to 38 dollars by month end.
But Mr Williams said OPEC would not want to let the barrel price rise too far – and risk their market share being undermined by oil production from fracking in the US.
He said: “This means that motorists should hopefully not see the eye-watering prices they were paying at the pumps in April, 2012, when the average price of petrol was 142p and diesel was close to 150p per litre.”