Petrol and diesel panic buying may have peaked in UK on March 3
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Panic buying of petrol and diesel in the UK may have peaked on March 3, with prices soaring due to the Iranian conflict. The price of fuel has risen significantly, with concerns that many may struggle in the months ahead if fuel doesn't start flowing again.
Fuel prices in Glasgow have hit locals hard, with many expressing frustration at the 'crazy' costs. The Iranian conflict has driven up prices, with the average cost of petrol reaching 151.9p per liter. Despite assurances that petrol stations are well-stocked, some have reported shortages. The price of fuel has risen most days since the start of March, with concerns that it may continue to rise. The conflict could also drive food inflation higher, with a potential 'sharp rise' in prices this summer. Drivers are feeling the pinch, with some struggling to afford the increasing costs.
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