Petrol prices are exceeding 150p per litre for the first time since last November, according to new data.

Figures from the website Fuel Prices Online shows typical pump prices reached 150.1p per litre on Monday.

The average price of a litre of diesel is also at the highest level since November 2023, at 158.3p.

Experts say rising fuel prices in recent weeks can be attributed to an increase in the cost of oil and a weakening of the pound versus the US dollar.

AA fuel price spokesman Luke Bosdet said while inflation was heading downwards, petrol’s rebound to 150p a litre left a “big boulder in the road”.

He said: “Five days of falling wholesale costs, with the value of oil coming off the boil, offers hope that pump prices may not get much worse in the short-term.

“However, road fuel priced above 150p a litre grabs the attention of drivers and will lead some to re-tighten their belts on other spending.”