UK Pump Prices Drop to 151.98p as US-Iran Deal Pushes Brent Below $72.48
Updated
Updated · bbc.co.uk · Jun 26
UK Pump Prices Drop to 151.98p as US-Iran Deal Pushes Brent Below $72.48
3 articles · Updated · bbc.co.uk · Jun 26
Summary
UK petrol prices fell 2p in a week to 151.98p a litre by Friday, while diesel dropped 4p to 168.64p as cheaper wholesale fuel filtered through.
Brent crude slid from above $120 during the war to around $76 after the framework deal, then briefly below $72.48 — under its level before the 28 February attacks.
The RAC said average prices should fall below 150p for petrol and 160p for diesel within days, while the AA said the timing was ideal for summer holiday drivers.
A 55-litre family car still costs £83.59 to fill with petrol and £92.75 with diesel, leaving pump prices £10.50 and £14.40 above late-February levels.
About 20% of global oil and LNG normally passes through the Strait of Hormuz, and analysts warn shipping and wider economic disruption may take months to normalize.