Back to today’s briefing

Story perspectives

UK Fuel Prices Stabilize After 43-Day Increase

4/15/2026

50 11 Full Breakdown

Summary

Story summary

UK fuel prices have stabilized after 43 days of increases linked to the Middle East conflict, with petrol at 158.3p and diesel at 191.5p.
Simon Williams, RAC head of policy, said prices are likely to fall by several pence in coming days as wholesale costs drop.
Since February 28 the war has added £1.2 billion to motorists' fuel bills, while a tank of petrol costs £87 and diesel costs £105.

History

Historical Context

The 1973 oil crisis began when the Organization of Arab Petroleum Exporting Countries (OAPEC) imposed an embargo in response to U.S. support for Israel during the Yom Kippur War. This led to a 400% increase in oil prices, causing economic turmoil worldwide. The crisis highlighted the vulnerability of economies like the UK, which still faces fuel price fluctuations influenced by geopolitical tensions.

1 of 2

Story summary

UK fuel prices have stabilized after 43 days of increases linked to the Middle East conflict, with petrol at 158.3p and diesel at 191.5p.
Simon Williams, RAC head of policy, said prices are likely to fall by several pence in coming days as wholesale costs drop.
Since February 28 the war has added £1.2 billion to motorists' fuel bills, while a tank of petrol costs £87 and diesel costs £105.

1 / 2