- Petrol prices across the UK have reached their highest level since December 2022, with the average cost of a litre now standing at 158.5p.
- The recent surge in prices is attributed to volatility following the conflict in the Middle East, which began on 28 February.
- The RAC warns that unleaded petrol is likely to increase further to at least 160p per litre in the coming weeks.
- Conversely, diesel prices have seen a drop of nearly 6p to 185.92p, though retailers are urged to pass on further wholesale savings to drivers.
- The rise in pump prices since the Middle East conflict began has cost UK motorists an estimated £2.9 billion, and Chancellor Rachel Reeves is reportedly expected to abandon plans to increase fuel duty from September.
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