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UK Fuel Prices Surge Amid Rising Wholesale Costs

4/2/2026

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Story summary
  • In March 2026, UK petrol and diesel prices surged as wholesale energy costs rose.
  • The Royal Automobile Club (RAC) reported a 20p rise for petrol and 40p for diesel, with averages at £1.54 and £1.85.
  • The UK government says fuel supplies remain stable and is investigating price gouging.
  • Officials say panic buying is unnecessary and measures are in place to support households.