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UK Petrol Prices Hit Fresh Record With Signs Demand Is Faltering

  • Average UK diesel price at the pump closing in on £2 a litre
  • Sales are lower than when some lockdown measures were in place
A gas station near Manchester, UK.

A gas station near Manchester, UK.

Photographer: Anthony Devlin/Bloomberg
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UK petrol prices surged to a fresh record -- amid the first clear signs that demand might be starting to slip because of the jump in fuel costs.

The average UK diesel price rose to an unprecedented 198 pence a liter on Wednesday, while petrol hit 189.84p, also a record, according to the RAC motoring organization. Soaring fuel costs helped lift UK inflation to 9.1% in May, the highest in four decades.