There’s no sign of petrol and diesel prices falling on UK forecourts anytime soon, as the ongoing conflict in the Middle East continues to push costs higher.
The war, which began on 28 February 2026, has triggered sharp increases in both petrol and diesel prices as global oil markets react to supply disruption.
One of the biggest pressure points is the Strait of Hormuz, a vital route that normally handles around a fifth of the world’s oil shipments. Restrictions and reduced traffic through this key passage have pushed up global wholesale costs, impacting fuel availability, pricing, and transport costs worldwide [1].
According to RAC Fuel Watch, fuel prices have risen rapidly throughout March. As of 26 March 2026, the average price of petrol had climbed to 149.82p per litre, while diesel surged to 177.66p per litre, reaching levels not seen since late 2022 [2].
Protecting Your Business Against Rising Costs
The ongoing surge in fuel prices is creating financial pressure for businesses of all sizes. Whether you operate a fleet, rely on staff travel, or depend on regular deliveries, rising fuel costs can quickly affect your bottom line.
With prices becoming increasingly unpredictable and operating costs rising across the board, businesses need more than just cost‑cutting measures, they need protection.
That’s where Wrightsure Insurance comes in.
The right policy can cushion your business against unexpected financial shocks, helping keep operations stable even when external pressures intensify. If rising fuel costs are squeezing your margins, now is the perfect time to review your cover and ensure your vehicles, people and assets are fully protected, potentially at a more competitive annual premium.
Contact us:
01708 865533
info@wrightsure.com
References
[1] Petrol Prices Rising in the UK: What Drivers Should Expect | PetrolPrices.co.uk
[2] Diesel prices highest since Christmas 2022 as pump costs surge – RAC Fuel Watch - Motor Trade News