What can we expect from petrol prices this year?

Current predictions suggest that the number of cars globally will double by the year 2040, which leads to questions over how this will affect the prices on forecourts around the world. The average price of a litre of petrol at the end of 2018 was £1.21 in the UK, whereas a decade ago the figure was closer to £0.89 per litre.

Petrol is an expense which many people must factor in to their weekly budgets, and the fuel industry has maintained a constant upward gradient as the car market continues to grow. Price surges are reflective of steep inflation at ...