"Petrol and diesel prices have hit their highest in nearly 20 months this week, latest data shows, increasing by between 4.68p and 8.59p per litre since Saturday 28 February, when the US launched strikes on Iran. On average, drivers can now expect 137.51p per litre of unleaded petrol, and 150.97p per litre of diesel, at the pump."
"The rise has been fuelled by a spike in oil prices, which have a significant effect on the cost of wholesale fuel. Brent crude, the global benchmark for oil prices, jumped to over $100 a barrel on Monday for the first time since 2022. The rate had already been at a seven-month high before Saturday's attack, but remained at $73 a barrel before the outbreak of the conflict."
UK drivers face significantly elevated fuel prices as Middle East tensions escalate following US military strikes on Iran. Petrol and diesel prices hit their highest levels in nearly 20 months, with increases ranging from 4.68p to 8.59p per litre since late February. Average prices now stand at 137.51p per litre for unleaded petrol and 150.97p per litre for diesel. Filling a 55-litre family car now costs approximately 4.72 pounds more than a week prior. The price surge stems from rising oil costs, with Brent crude jumping above $100 per barrel for the first time since 2022, compared to $73 before the conflict. Further price increases are anticipated.
Read at www.independent.co.uk
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