UK Petrol Prices Rise to 149.44p as Brent Crude Surges to Over $100

Since February 28, the price of a barrel of Brent crude has increased from $73 to over $100. This has led to a rise in average petrol prices in the UK, which has gone up by 16.6p to 149.44p per litre, while diesel prices have risen by 33.4p to 175.73p per litre. Analysts indicate that every $10 increase in oil prices translates to a 7p increase at the pump. The UK's fuel supply is currently described as resilient, with the country holding more than the required 90 days' worth of net oil imports.