"Fuel prices have reached their highest level in more than 20 months, according to the latest data from RAC. Petrol prices have risen by 6.13p per litre, while diesel has jumped 12.74p per litre since Saturday, February 28, when the US launched strikes on Iran."
"Iran has effectively stopped cargo traffic in the Strait of Hormuz, through which about a fifth of all oil is shipped from the Persian Gulf toward the Indian Ocean. It has also targeted oil fields and refineries in Gulf Arab nations as part of a strategy aimed at generating enough global economic pain."
"The price of diesel appear to be rising roughly twice as fast as petrol, increasing by almost 9% since February 28, data shows. On average, drivers can now expect 138.96p per litre of unleaded petrol and 155.12p per litre of diesel at the pump."
Fuel prices in the UK have surged to their highest levels in over 20 months amid escalating Middle East tensions. Following US strikes on Iran on February 28, petrol prices increased by 6.13p per litre while diesel jumped 12.74p per litre. One London petrol station charged 238p per litre. Iran's actions, including attacks on shipping and disruption of the Strait of Hormuz—through which approximately one-fifth of global oil passes—have intensified price pressures. Diesel prices are rising roughly twice as fast as petrol, with the average diesel price reaching 155.12p per litre compared to 138.96p for unleaded petrol. Diesel-dependent drivers are experiencing the most severe financial impact from the conflict.
Read at www.standard.co.uk
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