Motorists face a jump in petrol prices after Brent crude surpassed $92 a barrel for the first time this year, triggered by supply cuts from Saudi Arabia and Russia.
Oil prices rose by 1.4pc on Tuesday to hit a 10-month high, with Brent crude having leapt by more than a quarter since late June.
Caroline Bain, chief commodities economist at Capital Economics, said it will take four weeks for the latest rise to flow into higher petrol prices.
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