Drivers told '£2 per litre' for petrol 'not unthinkable' and soon in 2026
UK petrol prices are on the rise again, with predictions that they could hit £2 per litre by 2026 due to global instability and rising oil costs.
UK petrol prices have seen an upward trend, marking two consecutive weeks of price increases after a decline that lasted from mid-December. The average cost per litre is now 131.71p, up from 131.46p just a week prior. This rise in prices is attributed to several international factors, primarily heightened global tensions which are affecting oil supply and pushing up costs for consumers.
Industry experts have highlighted that crude oil prices, particularly Brent crude, have surged above $71 per barrel, reaching their highest level since July 2025. The ongoing instability in regions like the Middle East, alongside the conflict in Ukraine, has prompted concerns about potential supply disruptions. Additionally, the impact of Donald Trump's tariffs has been further stressing global market conditions and could exacerbate the situation further.
As these factors continue to influence the market, experts are advising UK motorists to consider filling up their tanks sooner rather than later. The warning comes with speculations that fuel prices could reach as high as £2 per litre by 2026 if trends continue and if a significant disruption in supply occurs. Consumers are urged to prepare for potential increases in their fuel expenditures as the global landscape remains fraught with uncertainty.