"Average petrol and diesel prices have rocketed in the last week and are unfortunately likely to keep on rising, so the situation for UK drivers is looking increasingly bleak. Petrol is up 5p to 137.5p and diesel up 9p to 151p a litre since the current crisis began on Saturday 28 February."
"Unleaded is almost certainly going to reach an average of 140p in the next week or so while diesel looks highly likely to climb to at least 160p a litre. The price of diesel is increasing more quickly now than at any point since the start of the Ukraine conflict. With oil at a sustained $100, petrol could rise towards 150p a litre."
Britons face escalating fuel costs following the Iran conflict that began February 28, with petrol reaching 137.5p per litre and diesel at 151p per litre. Experts predict diesel could exceed 160p per litre, marking the fastest increase since the Ukraine war. Global crude oil prices surpassing $100 per barrel, combined with supply threats from Gulf region conflicts, threaten UK household affordability and intensify the cost-of-living crisis. The RAC advises drivers to compare prices using apps and adopt fuel-saving practices including gentle acceleration, careful braking, and proper tyre pressure maintenance to maximize efficiency during this challenging period.
Read at London Business News | Londonlovesbusiness.com
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