UK fuel prices 2023: why petrol and diesel costs could be on the rise after three months of reductions

Drivers have been warned to expect price increases at the petrol pumps after three months of falling costs.

New data shows that average prices bottomed out in mid January and industry experts have warned they are rising again as the wholesale cost of fuel starts to creep back up. One warned that petrol could quickly soar back to more than £1.50 per litre due to volatile oil prices.