The cost of living in the UK continues to rise, now forcing drivers to pinch their pennies as the prices of fuel reach record highs.
Ofgem, the government’s regulator for gas and electricity, had already confirmed that energy prices will increase by 54% (£963) on average from April.
This is going to affect millions of British households with the average customer set to spend a total of £1,971 per year on gas and electricity alone - Liverpool will be one of the hardest hit regions in the country, too.
But it does not end there - energy prices will continue to break the bank as the cost of fuel has followed suit and risen to record levels.
The RAC has confirmed that the average cost of a litre of petrol in the UK will set drivers back 162.5p, whilst diesel sits at 176.9p - but they are expecting these rates to fall eventually.
Why are petrol and diesel prices on the rise?
A variety of factors affect the price of fuel - they include: the cost of crude oil; international exchange rates and supply and demand.
But most importantly in this case, it is where you buy your petrol and diesel from.
The current hike in the price of fuel is due to the ongoing conflict in Ukraine.
Due to concerns over the reliability of supplies after Russian troops began their invasion of Ukraine, the price of a barrel of Brent crude oil hit a 14 year high on Monday March 7, 2022 when it was trading at $139.
Experts have warned that this could rise even further in the event that the war intensifies, warning that petrol could cost over £2.00 a litre very soon.
The prices are incredibly likely to skyrocket to these numbers, with the price of oil surging as a result of the United States banning Russian crude oil whilst the UK begin to phase out purchases of it.
Whenever supply is disrupted, wholesale prices skyrocket which inturn is passed on to the consumer to foot the extra cost.
Where are the cheapest places to get fuel in Liverpool?
Petrol
Costco Liverpool - 155.7p per litre
30 Waterloo Rd, Liverpool L3 7HY
6:30 am to 10:30 pm (Monday to Saturday) 8 am to 9 pm (Sunday)
Gulf Garston Way - 157.9p per litre
Garston Wy., Liverpool L19 2JA
24 hours 7 days a week
Morrisons Belle Vale - 161.9 per litre
1 Besford Rd, Liverpool L25 2RD
6 am to 10 pm (Monday to Saturday) 7 am to 8 pm (Sunday)
Morrisons Speke - 156.7p per litre
1, Off Penketh Dr, Speke, Boulevard L24 2WZ
7am to 8pm (Monday) 6 am to 10 pm (Tuesday to Saturday) Closed (Sunday)
Tesco Allerton Road - 160.7p per litre
Mather Ave, Liverpool L18 6HF
8am to 6pm (Monday) 7 am to 12 am (Tuesday to Saturday) Closed (Sunday)
Esso Northway - 158.9p per litre
Northway, Maghull, Liverpool L31 2HA
24 hours 7 days a week
Diesel
Gulf Garston Way - 170.9p per litre
Garston Wy., Liverpool L19 2JA
24 hours 7 days a week
Costco Liverpool - 170.9p per litre
30 Waterloo Rd, Liverpool L3 7HY
6:30 am to 10:30 pm (Monday to Saturday) 8 am to 9 pm (Sunday)
Esso Brewster Street- 172.9p per litre
Brewster St, Liverpool L4 3TL
24 hours 7 days a week
Texaco Gale Road - 176.8p per litre
Knowsley Industrial Park, Gale Rd, Liverpool L33 7YB
24 hours 7 days a week
Esso Northway - 172.9p per litre
Northway, Maghull, Liverpool L31 2HA
24 hours 7 days a week
Unbranded South Wirral - 184.9p per litre
Chester High Rd, Burton, Neston CH64 8TF
7 am to 8:30 pm (Monday to Thursday)7am to 8:30pm (Friday) 8:30 am to 8:30 pm (Saturday to Sunday)
All petrol and diesel prices per litre are correct at the time of publishing.