Drivers avoided filling up at petrol stations last month as soaring fuel prices triggered by the Iran conflict prompted motorists to delay purchases, according to the AA.
Drivers avoided filling up at petrol stations last month as soaring fuel prices triggered by the Iran conflict prompted motorists to delay purchases, according to the AA.
Petrol prices in the UK have climbed to within 1p of their highest level since December 2022 as tensions in the Middle East continue to drive oil prices higher.
UK fuel prices have started rising again following last week’s sharp surge in oil markets, which briefly pushed crude prices to their highest level in four years.
Irish police have moved to clear protesters who are blocking the country’s only oil refinery, as mounting disruption to fuel supplies raises economic concerns.
Ireland has mobilised its Defence Forces to address an escalating fuel crisis that has seen farmers and haulage operators blockade major roads for three consecutive days. Defence Minister Helen McEntee
Operating costs are on the increase, profit margins are getting ever tighter and companies are rightly facing further scrutiny over how they spend their money.
Petrol stations have been accused of overcharging drivers after the competition watchdog reported a sharp rise in fuel profit margins.
Oil prices are hovering near their lowest point in four years, prompting renewed calls for fuel retailers to lower pump prices.
The AA has warned that petrol prices remain “uncomfortably close” to their peak levels from the first two years of the Ukraine war despite a global slump in oil prices.
Fuel prices across the UK have fallen to their lowest levels in three years, providing some relief for drivers ahead of Christmas, according to figures released on Wednesday.
The price of a litre of petrol has dropped to its lowest level in three years, according to industry data, due to decreasing global oil demand.
Petrol and diesel prices are dropping at their fastest rate this year, relieving motorists as electric vehicle adoption falters.