Petrol Prices Soar to £2 per Litre Amid Ongoing Conflict

Businesses across the West of England say they are struggling to make a profit as petrol prices soar to nearly £2 per litre.

Disruptions around critical shipping lanes like the Strait of Hormuz have tightened global oil supplies amid the ongoing conflict in the Middle East.

Fuel prices vary, but rural areas are more expensive due to higher transport costs, lower sales volumes, and a lack of local competition.

Petrol stations across the region are increasing their prices to cope with rising fuel costs. In Bristol, filling up your tank currently sets you back an average of £1. 70 per litre, while some petrol stations in Hullavington in Wiltshire charge £2. 40.

Businesses are under pressure to keep their margins low and pass on the increased costs to customers or risk losing profit. The situation is expected to worsen as fuel prices continue to rise.

Petrol prices across the West of England have risen to nearly £2 per litre amid ongoing conflict in the Middle East.

The cost of filling up a vehicle has soared as the conflict continues to disrupt global oil supplies.

Businesses across the region are struggling to make a profit due to high fuel costs and disruptions around critical shipping lanes like the Strait of Hormuz.

Experts warn that if fuel prices continue to rise, businesses may struggle to stay afloat and could be forced to cut their margins or even reduce services.