‘Fill up now’ alert as petrol ‘may hit £2 per | Tech News
Prices are back on the rise (Image: cokada by way of Getty Images)
Petrol prices within the UK are on the rise as consultants encourage Brits to buy fuel earlier than costs escalate additional, with “heightened tensions” globally triggering a surge in oil costs. Average petrol costs at filling stations have elevated over the previous two weeks within the UK, following a regular decline since mid-December.
The present average stands at 131.71p per litre – a rise from 131.46p on February 9, in line with consultants this week. They attributed the increase in petrol costs to world instability, with Brent crude surpassing $71 per barrel – the highest since July 2025 – on account of escalating tensions within the Middle East and the continued Russia–Ukraine battle.
They additionally identified that Donald Trump‘s tariffs are inflicting ripples worldwide. If a important provide disruption had been to happen, such as direct army motion involving the US and Iran or a blockade of the Strait of Hormuz, then costs may spike even more.
However, it stays effectively under the height of petrol costs in July 2022 when it hit 191.55p following Russia’s invasion of Ukraine.
Tony Redondo, founder of Newquay-based Cosmos Currency Exchange, suggested Brits to fill their tanks whereas they will, as costs on the pump will undoubtedly proceed to climb.
Drivers have been urged to fill up (Image: PA)
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He added: “The recent rise to 131.71p per litre signals a definitive pause in the downward trend UK drivers enjoyed earlier this year. This uptick is primarily driven by global volatility, with Brent crude climbing above $71 per barrel – the highest since July 2025 – due to heightened tensions in the Middle East and the ongoing Russia-Ukraine conflict.
“Domestically, whereas the 5p fuel obligation cut stays in place till September 2026, retailers are quickly passing these wholesale will increase to the pumps. Barring a main provide disruption, such as direct army motion involving the US and Iran or a blockage of the Strait of Hormuz, costs are anticipated to settle between 133p and 135p within the short time period.
“While we aren’t approaching the 191p record highs of 2022, the price ‘floor’ has likely been reached. It is wise to fill up now if you find a station near the current average, as retail prices typically rise much faster than they fall.”
Samuel Mather-Holgate, managing director and IFA at Swindon-based Mather and Murray Financial, warned motorists may face costs reaching £2 per litre within the UK by summer time’s finish.
He continued: “Donald Trump’s tariffs really are felt across the globe, even if indirectly, in petrol prices. Increasing uncertainty on the world stage pushed up the price of the commodity that is still the engine juice of the world.
“With tariffs, world political uncertainty within the Middle East and the issue of Venezuela, it is anybody’s guess how a lot crude would possibly go up. It’s not unthinkable that we may see up to £2 per litre within the UK by the top of the summer time.”
Steven Greenall, advisor at Rayleigh-based Protect and Lend, suggested that escalating geopolitical tension worldwide could trigger higher prices.
He added: “With oil up over 8% on the exchanges over the past month, it is unsurprising petrol is ticking up on the pumps. Tension rising within the Middle East and potential threats to delivery by the Straits of Hormuz are inflicting some jitters. If additional battle breaks out, anticipate additional upward stress, however I’d anticipate it to be non permanent.”
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