Donald Trump’s declaration that the US-Iran ceasefire is effectively over has been described as an “ominous” development for UK petrol prices.
The AA warned that renewed uncertainty in the Middle East could put pressure on pump prices ahead of the summer getaway period.
The motoring group said recent falls in fuel prices had stalled, with unleaded at 150.7p a litre and diesel at 165.2p on Monday.
Petrol prices had fallen by 9p over the previous six weeks, while diesel had dropped by 19p during the same period.
Trump said of the interim US-Iran peace agreement: “For me I think it’s over. As far as I’m concerned it’s just a waste of time.”
AA spokesman Luke Bosdet said the comments were not what UK drivers wanted to hear before the peak summer travel season.
“The ending of the ceasefire is ominous for UK pump prices but not all is lost,” he said.
Bosdet noted that oil prices had been highly volatile during the US-Iran conflict, feeding through to pump prices. However, he added that recent falls in petrol and diesel prices had largely tracked lower wholesale costs and had reached drivers more quickly than might previously have been expected.
