UK Fuel Prices Soar Amid Iran Conflict

0:00On March 31st, fuel prices across the UK are spiking hard because of supply disruptions from the Iran conflict that kicked off on February. 28th On March 30th, average unlettered petrol hit 148.8 pence per liter of 4.6 pence from the week before and 13% higher since early March. That's the most expensive since May last year. Diesel jumped even more to 176.5 pence per liter, a 24% rise since March 2nd and the highest since December 2022. RAC data from March 31st shows petrol averaging 152.8 pence and diesel 182.8 pence per liter, both up around 20 to 40 pence since the conflict started. That means filling a standard 55 liter family car now costs over 100 pounds for the first time since late 2022. Drivers are filling the pinch big time with the RAC foundation estimating an extra 544 million pounds shelled out on petrol and diesel combined since February 27th.

1:09That's 409 million on diesel and 135 million on petrol based on last year's consumption rates. Heating oil is getting hammered too. Standard grade burning oil, average 104.1 pence per liter in March, nearly double februaries. 53.5 pence and the highest ever since record started in 1989. Gas oil for farms and businesses hit 99.5 pence of 51% month on month. These trends show no signs of cooling quick as conflict ripples keep pushing costs up, keep an eye on your tank and budget accordingly. Europe news today, powered by AI bringing you what matters across Europe.