UK fuel price drops ‘might be passed on shortly’ | Tech News
Since hostilities between the USA, Israel and Iran triggered an financial shockwave all through March, petrol and diesel costs within the UK have climbed steeply. Motorists had been benefiting from secure and comparatively inexpensive prices during the primary two months of 2026, earlier than that got here to an abrupt finish.
In the weeks since strikes had been initially launched at the top of February, petrol drivers have witnessed costs increase by roughly 25p per litre, whereas diesel drivers have been struck even tougher – pressured to soak up rises of round 50p during that period.
Nevertheless, stories of a two-week ceasefire in a single day and renewed efforts to reopen the essential oil delivery route of the Strait of Hormuz has seen oil costs decline considerably, though they continue to be significantly above pre-conflict ranges. It has generated cautious optimism that pump costs might start to fall.
RAC head of coverage Simon Williams stated: “The average price of a litre of unleaded is now at 157.71p – up 25p (19%) since the war began – while diesel has exceeded the 190p mark (190.62p) and is up 48p (34%) since February 28.
“Both fuels are actually at their costliest since late 2022.
“The conditional ceasefire announcement may have taken some heat out of global oil prices, but the outlook for drivers in the UK remains highly uncertain.
“The best hope within the short time period is that pump costs stop rising on the charge they’ve been and hopefully high out within the coming days.
“Much will depend on the stability of the ceasefire, whether oil shipments can move freely through the Strait of Hormuz, and the longer‐term impact on oil production across the Gulf.
“As it’s a sustained decrease oil price – over a number of weeks, not simply a few days – that’s required to convey wholesale fuel prices down meaningfully.
“Drivers should not expect significantly cheaper fuel in the short term, although some smaller independent forecourts buying on a ‘spot’ basis may be quicker to pass on any reductions.
“We proceed to advocate drivers store round for fuel and make use of free apps like myRAC to make sure they all the time get the best price every time they fill up.”
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