After weeks of falling petrol prices, a fresh wave of strikes in the US is set to cause a forecourt pricing U-turn. The strikes, which began over the weekend in response to an Iranian attack on a container ship in the Strait of Hormuz, are expected to disrupt oil supplies and drive up prices.
The price of petrol has been falling steadily over the past few weeks, reaching as low as £1.19 per litre in some areas. However, the US strikes are set to reverse this trend, with prices expected to rise again in the coming days.
According to data from fuel price comparison website PetrolPrices.com, the cheapest petrol can be found at select forecourts, including those operated by supermarkets such as Tesco and Asda. Prices start from £1.24 per litre, although this may vary depending on the location and supplier.
It's worth noting that while prices may be rising, they are still lower than they were at this time last year. However, the rise in prices is likely to come as a blow to drivers who were enjoying the benefits of falling petrol prices.
Under UK law, drivers have the right to a fair and transparent fuel price. They can also seek compensation if they are overcharged for fuel. The Competition and Markets Authority (CMA) has also issued guidance to fuel retailers on the need to display accurate and up-to-date fuel prices at all times.
As the situation continues to unfold, drivers are advised to keep an eye on fuel prices and to shop around to find the best deals. With the price of petrol set to rise, it's more important than ever to make the most of any savings that can be made.