Petrol costs have risen to 131.71p per litre as specialists warn drivers to replenish now earlier than prices rise additional
Costs are again on the rise (Picture: cokada by way of Getty Pictures)
Petrol prices within the UK are on the rise as specialists encourage Brits to buy gasoline earlier than costs escalate additional, with “heightened tensions” globally triggering a surge in oil costs. Common petrol costs at filling stations have elevated over the previous two weeks within the UK, following a gentle decline since mid-December.
The present common stands at 131.71p per litre – an increase from 131.46p on February 9, in keeping with specialists this week. They attributed the rise in petrol costs to international instability, with Brent crude surpassing $71 per barrel – the best since July 2025 – as a consequence of escalating tensions within the Center East and the continued Russia-Ukraine battle.
Nevertheless, it stays properly beneath the height of petrol costs in July 2022 when it hit 191.55p following Russia’s invasion of Ukraine.
Tony Redondo, founding father of Newquay-based Cosmos Forex Trade, suggested Brits to fill their tanks whereas they will, as costs on the pump will undoubtedly proceed to climb.
He added: “The current rise to 131.71p per litre indicators a definitive pause within the downward development UK drivers loved earlier this 12 months. This uptick is primarily pushed by international volatility, with Brent crude climbing above $71 per barrel – the best since July 2025 – as a consequence of heightened tensions within the Center East and the continued Russia-Ukraine battle.
“Domestically, whereas the 5p gasoline obligation minimize stays in place till September 2026, retailers are quickly passing these wholesale will increase to the pumps. Barring a serious provide disruption, corresponding to direct navy 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 brief time period.
“Whereas we aren’t approaching the 191p report highs of 2022, the worth ‘flooring’ has possible been reached. It’s clever to replenish now if you happen to discover a station close to the present common, as retail costs usually rise a lot quicker than they fall.”
Samuel Mather-Holgate, managing director and IFA at Swindon-based Mather and Murray Monetary, warned motorists might face costs reaching £2 per litre within the UK by summer time’s finish.
He continued: “Donald Trump’s tariffs actually are felt throughout the globe, even when not directly, in petrol costs. Growing uncertainty on the world stage pushed up the worth of the commodity that’s nonetheless the engine juice of the world.
“With tariffs, international political uncertainty within the Center East and the issue of Venezuela, it is anybody’s guess how a lot crude may go up. It is not unthinkable that we might see as much as £2 per litre within the UK by the tip of the summer time.”
Steven Greenall, advisor at Rayleigh-based Shield and Lend, steered that escalating geopolitical pressure worldwide might set off larger costs.
Motoring information and recommendation plus chosen affords and competitions Subscribe Invalid e mail
We use your sign-up to supply content material in methods you have consented to and to enhance our understanding of you. This will likely embody adverts from us and third events based mostly on our understanding. You’ll be able to unsubscribe at any time. Learn our Privateness Coverage
He added: “With oil up over 8% on the exchanges over the past month, it is unsurprising petrol is ticking up on the pumps. Rigidity rising within the Center East and potential threats to transport via the Straits of Hormuz are inflicting some jitters. If additional battle breaks out, anticipate additional upward stress, however I might anticipate it to be non permanent.”
Guarantee our newest headlines at all times seem on the prime of your Google Search by making us a Most well-liked Supply. Click on right here to activate or add us as your Most well-liked Supply in your Google search settings.
Leave a Reply