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Brent Crude Prices Hit $100 Amid 5p Rise in Petrol Costs

Published on · Source: bbc.co.uk

Brent Crude Prices Hit $100 Amid 5p Rise in Petrol Costs

AI Summary

Summarized by AI from the source below

The average price of unleaded petrol has increased by 5p to 167.17p per litre, marking the largest weekly rise since April, as reported by the RAC. Diesel prices similarly rose by 5p, reaching 188.63p. This rise in fuel prices is attributed to supply disruptions caused by the US-Israel war with Iran, which began at the end of February, leading to Brent crude prices returning to $100 a barrel. The ongoing conflict could further affect fuel costs, impacting consumers and related market sectors.

Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.

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