Petrol Prices Jump 5p in a Week as Rising Oil Costs Push Up Fuel
Summary
A litre of unleaded petrol climbed to 167.17p following a 5p weekly surge, marking the largest increase since April.
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Escalating conflict involving Iran has pushed crude oil prices higher, driving a sharp increase at retail fuel stations. Over the course of a single week, petrol prices rose by 5p.
Official data shows that a litre of unleaded petrol now costs 167.17p. This represents the steepest weekly price hike recorded since April.
The surge reflects broader market pressures as geopolitical instability in the Middle East stokes concerns over global energy supplies.
Source: BBC Business
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