What determines the price of petrol?
Petrol and diesel prices in the UK are influenced by a range of global and domestic factors. Meaning the cost of fuel at the pump can - and often does - change frequently.
One of the biggest drivers is the global price of crude oil. When oil prices rise due to increased demand or supply disruptions, fuel prices in the UK typically follow.
Exchange rates also play a key role. As oil is traded in US dollars - a weaker pound can make petrol and diesel more expensive for UK motorists.
On top of this, fuel duty and VAT make up a large proportion of the price you pay. While retailers adjust pump prices based on wholesale fuel costs and local competition.
In short, if oil prices increase or the pound loses strength, drivers across the UK are likely to see higher petrol and diesel prices.