- UK petrol prices have reached their highest level since the Iran conflict began, with the average litre costing 159.43p, a 26.6p increase since late February.
- A 55-litre tank of petrol for an average family car now costs £87.69, an increase of £14.63 since 28 February, while diesel stands at 184.96p.
- Motoring groups highlight that despite recent falls in wholesale petrol prices, retailers are quick to raise pump prices but slow to lower them.
- The AA advises drivers to utilise price tracking apps to locate cheaper fuel stations, noting significant price variations across the country.
- The Iran conflict is impacting 80% of UK firms through increased energy bills, shipping disruption, and rising raw material costs, with economic repercussions expected for many months.
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