Petrol prices rise by 5p over a week as Iran war sends oil higher

This post was originally published on this site.

Petrol prices rise by 5p over a week as Iran war sends oil higher

Woman filling her car at a petrol station in the North East of England. The woman is looking worriedly at the price on the screenImage source, Getty Images
ByShanaz Musafer

Business reporter
  • Published

The average price of unleaded petrol has risen by 5p a litre in the space of a week, according to the RAC, which warned there was “no sign of any relief” for drivers.

The motoring organisation said a litre of unleaded now costs 167.17p – the biggest weekly increase since April – while diesel has also risen by 5p to 188.63p.

Fuel prices have soared since the US-Israel war with Iran began at the end of February, with the fighting severely disrupting supplies of crude oil – a key ingredient in petrol and diesel – across the Middle East.

The price of Brent crude, the global benchmark for oil, has returned to $100 a barrel for the first time since July, as hostilities escalated again.

On Tuesday, US forces struck five Iranian tankers after Tehran targeted one of its warships, while Yemen’s Iran-backed Houthi movement also attacked oil facilities in Saudi Arabia.

The price of Brent is some way off the $120 it hit in April, but remains well above the $70 it was trading at before the conflict started.

Two lines show the price of UK diesel and unleaded petrol since 2022.  The lines start at under £1.40 a litre for both in late 2021 and rise sharply in March 2022 to £1.65 for unleaded and £1.77 for diesel following Russia's invasion of Ukraine. They peak in July 2022 at  £1.91 for unleaded  and £1.99 for diesel before generally trending down. At the end of February 2026, as the US and Israel attacked Iran, they were at £1.33 for unleaded and £1.42 for diesel and then rose sharply to £1.58 for unleaded and £1.91 for diesel as at 9 April 2026. Since then, prices started to fall and were at £1.74 for diesel and £1.55 for unleaded as of 18 June 2026.  Unleaded prices undulate a little from this point, staying between around £1.54 and £1.53.  Diesel prices fall more steadily from £1.74 down to a low of between £1.64 and £1.65 by mid-July 2026, before ticking up a little.  The latest figures for 09 September 2026 are £1.67 for unleaded and £1.89 for diesel.

RAC senior policy officer Rod Dennis said the latest increase in fuel prices showed just how exposed drivers in the UK can be to events thousands of miles away.

The 5p a litre rise meant the cost of filling a family-sized car had increased by £2.75 over the past week, he added.

“Drivers are having to dig ever deeper into their pockets every time they fill up, and there’s no sign of any relief yet,” said Dennis.

“With the cost of a barrel of oil having averaged $96 for the last week, wholesale prices are surging and that’s already feeding through to prices at the forecourt.”

He urged motorists to drive as efficiently as possible and to ensure they find the cheapest forecourts they can.

The last time petrol was this high was in September 2022, while diesel is still a bit below the 191.54p it reached in April.

Hot this week

16 Best Resorts on Private Islands for an Ultra-Exclusive Getaway

Location: Lhaviyani Atoll, MaldivesThis Yuji Yamazaki–designed property in the...

Police say Nottingham attacks were ‘not preventable’

Police say any mistakes were not missed opportunities to prevent the 2023 Nottingham attacks.

‘Embarrassing’ Pakistan break record in morning to forget

'Embarrassing' Pakistan break record in morning to forgetTo play...

‘Embarrassing’ Pakistan break record in morning to forget

The only thing gloomier than the leaden skies at lunch on day of the third Test at Edgbaston will be the mood in the Pakistan dressing room as things went from bad to worse.

‘We were raped and exploited by a drug gang as teenagers’, women tell BBC of their ordeal

Four women have chosen to waive their anonymity and speak publicly to the BBC documentary, Britain's Forgotten Girls, about how they were targeted by criminals when they were children.

Topics

16 Best Resorts on Private Islands for an Ultra-Exclusive Getaway

Location: Lhaviyani Atoll, MaldivesThis Yuji Yamazaki–designed property in the...

Police say Nottingham attacks were ‘not preventable’

Police say any mistakes were not missed opportunities to prevent the 2023 Nottingham attacks.

‘Embarrassing’ Pakistan break record in morning to forget

'Embarrassing' Pakistan break record in morning to forgetTo play...

‘Embarrassing’ Pakistan break record in morning to forget

The only thing gloomier than the leaden skies at lunch on day of the third Test at Edgbaston will be the mood in the Pakistan dressing room as things went from bad to worse.

‘We were raped and exploited by a drug gang as teenagers’, women tell BBC of their ordeal

Four women have chosen to waive their anonymity and speak publicly to the BBC documentary, Britain's Forgotten Girls, about how they were targeted by criminals when they were children.

Germany’s Merz attacks AfD in stormy debate after far-right election win

Germany's chancellor clashes with AfD leader Alice Weidel, saying her migration policy amounts to "ethnic cleansing" for skilled workers.

Miliband rejects chief rabbi’s claim British Jews in greater danger after sanctions move

The foreign secretary disagrees that sanctions on Israeli settlements could put British Jews at greater risk.
spot_img

Related Articles

Popular Categories

spot_imgspot_img