UK petrol prices have surged to their highest level since the onset of the Iran war, delivering another blow to motorists and straining household budgets. According to the latest data, the average price of a litre of petrol now stands at 159.43p, marking an increase of 26.6p since 28 February. This rise reflects the ongoing geopolitical tensions and their impact on global oil markets.
Diesel Prices Also Elevated
Diesel, while slightly down from its peak, remains costly. The average diesel price is currently 184.96p per litre, having fallen 6.58p since reaching a high of 191.54p on 15 April. Tuesday marks the first time since 1 April that diesel has dipped below 185p per litre.
Impact on Motorists
The RAC reports that filling a typical 55-litre family car with petrol now costs £87.69, which is £14.63 more than on 28 February. For diesel vehicles, the cost is £101.73, a staggering £23.42 increase since the war began. These figures underscore the financial strain on households already grappling with rising living costs.
The AA has noted that wholesale petrol prices have recently fallen, yet retail prices remain high. An AA spokesperson advised drivers to use price-tracking apps and the government's Fuel Finder scheme to locate cheaper stations. "There is a lot of price variety out there if people look – and the cheaper fuel is not always where you think it is. For instance, fuel stations on busy routes may price low to pull in passing trade," the spokesperson said.
Energy Price Cap Set to Rise
Consumers face further bad news on Wednesday when energy regulator Ofgem announces the latest price cap for the July to September quarter. The expected 13% increase will add approximately £200 to the average household energy bill, compounding the financial pressures from high fuel costs.
This story is being updated as more details emerge.
