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NE in eight Londoners plans to rent a car in Europe this summer, new research reveals, but what awaits them after sterling’s recent fall in value?

The good news is that fuel prices remain lower than a year ago, when sterling was at a seven-year high against the euro and other European currencies. According to Post Office Travel Money, the cost of unleaded petrol is down on 2015 pump prices in eight of the 10 countries where Londoners are most likely to drive. This includes a three per cent fall to 99p in Spain, where two in five Londoners habitually drive on overseas holidays.

Pump prices have fallen further in Greece — by six per cent — but a litre of unleaded will still set you back £1.15. Portugal is the most expensive at £1.27, almost six per cent dearer than last summer, while unleaded petrol also costs more than 12 months ago in Ireland — up 2.7 per cent to £1.13.