UK petrol prices are expected to climb to their highest level of the year this weekend after renewed US attacks on Iran pushed global oil and fuel markets higher.
UK petrol prices are expected to climb to their highest level of the year this weekend after renewed US attacks on Iran pushed global oil and fuel markets higher.
UK petrol and diesel prices have started to rise again as higher crude oil prices feed through to wholesale fuel costs.
Donald Trump’s declaration that the US-Iran ceasefire is effectively over has been described as an “ominous” development for UK petrol prices.
UK diesel prices recorded their biggest monthly fall on record in June, according to RAC Fuel Watch data, as lower oil prices fed through to forecourts.
UK motorists are beginning to benefit from falling fuel costs as easing tensions in the Middle East drive oil prices sharply lower.
British motorists may soon benefit from lower petrol and diesel prices after crude oil fell to its lowest level in three months amid hopes of a diplomatic breakthrough between the
Fuel Price Drop May Be Short-Lived as Oil Surges on Middle East Tensions
Analysts expect oil prices to drop significantly soon due to concerns about China’s demand.
The AA has warned that eliminating the 5p fuel duty cut in the Budget could lead to “perma-high” petrol prices for drivers in the coming years.
The Competition and Markets Authority (CMA) is set to probe whether consumers are being subjected to higher grocery and fuel prices due to a potential lack of competition.