UK petrol price hits Iran war high, adding to pressure on households

Average pump price reaches 160p a litre, while diesel is up 14.5p to 179p and forecast to go to 185p soonBusiness live – latest updatesThe price of petrol has hit a new Iran War high at UK forecourts, adding to the financial pressure on millions of households about to embark on their annual holiday.The RAC said that in “very unwelcome news for drivers” the average pump price had reached 160p a litre, reversing the drop down to 151p in early July that followed the announcement of a fragile Middle East ceasefire. Continue reading...