Tesco is offering customers 5p off per litre of fuel when they spend £60 or more in store, but the deal only runs until August 23. The supermarket operates around 600 fuel stations across the UK.
Petrol prices have climbed to their highest level since 2022, with the average price of a litre reaching 159.89p. This is the highest since November 2022, when prices were cooling from a peak of 191.55p driven by Russia's invasion of Ukraine.
Deal details
Shoppers will receive a coupon redeemable against diesel and petrol costs when filling up at a Tesco forecourt. The deal runs until Sunday August 16, with the coupon able to be redeemed until Sunday August 23. The maximum saving available is £10, and the coupon must be presented in paper form when paying for fuel.
The offer comes as fuel prices have been affected by the Iran conflict. Donald Trump earlier this week promised new talks on ending the conflict would begin on Monday, after calling off what he said would have been "massive" strikes on the country. But Iran has denied any new talks are taking place.
Fuel theft surge
Drivers have stolen an average of nearly £200,000 worth of fuel from UK forecourts every single day since the onset of the Iran oil crisis, according to recent analysis. Fuel theft prevention firm Forecourt Eye reported that incidents of fuel taken without payment rocketed by 20% in the five months following the outbreak of conflict on February 28, compared with the preceding five months.
The surge in pump prices means the value of stolen fuel jumped by 48% over the same period, reaching an estimated daily average of £194,000 across the UK's 8,359 forecourts. Among first-time offenders, there was a 23% rise in incidents and a 26% increase in volume stolen, compared with 17% and 20% respectively amongst repeat offenders.
The figures are derived from reports by a representative sample of 550 forecourts, encompassing drive-offs and no means of payment incidents.
Price impact
The average price of a litre of petrol climbed to 160p on Friday, about 27p more than before the conflict, representing a three-and-a-half year high. The average price of diesel is about 37p per litre higher than prior to the war, at 179p.
BP has been criticised after revealing its strongest quarterly profits for four years, boosted by volatile energy prices during the Middle East conflict. New boss Meg O'Neill said she is taking "urgent action" to create more value for shareholders and revealed plans to sell off its US biogas business, Archaea.
The FTSE 100 company revealed its preferred profit measure – underlying replacement cost profit – surged by around 78% to 5.7 billion US dollars (£4.2 billion) for the second quarter of 2026, compared with the previous three months. The sharp jump in profits surpassed analyst predictions, as its refining and trading business benefited from rising prices during the Iran war. Rivals including Shell and ExxonMobil have also reported stronger profits.
