"Households, especially those that rely on their cars, are increasingly burdened as a result of the conflict in the Gulf. Drivers deserve—and should expect—to be treated fairly, particularly as pump prices continue to climb."
"The average price of unleaded petrol has risen to 140.6p per litre, marking a six per cent increase—almost 8p per litre—since the end of February. Diesel prices have surged even faster, reaching an average of 159.2p per litre, representing a 12 per cent jump in just two weeks and the highest level since November 2023."
"Oil prices have exceeded $100 per barrel, with instability in the Gulf region disrupting markets and driving up wholesale fuel costs, which are then passed on to consumers at the pumps."
UK drivers face the highest petrol and diesel prices in 18 months, with unleaded petrol averaging 140.6p per litre—a six percent increase since late February—and diesel reaching 159.2p per litre, representing a 12 percent jump in two weeks. Filling a typical family car now costs approximately £4 more for petrol and £9 more for diesel compared to end-February prices. Global energy tensions and instability in the Gulf region have driven oil prices above $100 per barrel, disrupting markets and increasing wholesale fuel costs passed to consumers. Motoring experts warn these rising costs place additional financial pressure on households already struggling with budgets. Concerns exist regarding fair pricing practices, with surveys indicating many motorists believe fuel retailers are raising prices too rapidly.
Read at London Business News | Londonlovesbusiness.com
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