Why are UK fuel prices rising again?
In early July, after the framework deal was signed, prices fell back to near the $70 a barrel mark, but have climbed back up again since to around $98 a barrel. Because transporting oil is a slow process, price movements in the wholesale markets take about a fortnight to show at the pump.Fuel retailers have denied accusations of price gouging during the conflict. The official markets regulator said it had "not seen evidence of retailers actively changing their pricing strategies to take advantage of the crisis".A government scheme called Fuel Finder, external lets drivers compare the cost of fuel offered by petrol stations across the UK.
- ▪In early July, after the framework deal was signed, prices fell back to near the $70 a barrel mark, but have climbed back up again since to around $98 a barrel.
- ▪Because transporting oil is a slow process, price movements in the wholesale markets take about a fortnight to show at the pump.Fuel retailers have denied accusations of price gouging during the conflict.
- ▪The official markets regulator said it had "not seen evidence of retailers actively changing their pricing strategies to take advantage of the crisis".A government scheme called Fuel Finder, external lets drivers compare the cost of fuel of
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Why are UK fuel prices rising again?Image source, Maskot/Getty ImagesPublished2 March 2026Updated 3 hours agoUK fuel prices are going up again after the collapse of peace talks to end the US-Israel war with Iran.When the conflict began on 28 February, fuel prices surged as the fighting severely disrupted the production and transportation of energy across the Middle East.Prices then nosedived when US and Iran agreed to a framework deal to end the fighting in June but have started increasing as tensions resurface.And as the price of wholesale oil rises towards $100 a barrel again, Simon Williams, head of policy at motoring organisation RAC, said "the increases [in fuel prices] are likely to keep coming thick and fast".How do wholesale oil prices affect the cost of petrol and diesel at the…
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