- Average UK forecourt prices reached 170.54p per litre for petrol and 192.86p for diesel on Tuesday, marking the highest levels since August and July 2022 respectively.
- The cost of filling a family car has risen by nearly £5 since the start of September, taking a full tank to £94 for petrol and £106 for diesel.
- Oil prices have surged past 100 dollars a barrel following fresh military strikes and escalating conflict involving US, Iranian, and Houthi forces in the Middle East.
- The RAC warned that fuel prices are set to rise further and urged the Chancellor to maintain the current fuel duty freeze to support dependent households.
- Market analysts noted that escalating Middle East tension and potential supply shortages ahead of colder weather are heightening wider inflationary concerns.
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