The cheapest – and most expensive – fuel brands | Money News

Fears of a fuel spike have reignited after the resumption of hostilities in the Middle East.

In a bid to take some of the edge off, we’ve taken a look at the brands offering the cheapest petrol prices right now, which can vary by as much as 62.3p between the lowest and highest per litre offer.

Supermarkets are usually cheaper than big fuel brands…

Of the cheapest brands, you’re most likely to find a nearby Tesco pump, which has the fifth largest number of forecourts, followed by Asda.

Here’s the number of sites by brand…

How big is the risk of another fuel spike?

Business and economics reporter James Sillars writes…

“You could say Europe is facing a perfect storm.

“There’s the disruption caused to deliveries from the Middle East due to the on-and-off hostilities between the US and Iran.

“At the same time, attacks by Ukraine on Russian energy infrastructure – both at sea and on land – have prompted Moscow to ban diesel exports this week.

“Russia, typically Europe’s largest oil producer, is suffering fuel shortages across its vast land mass and rationing has failed to prevent huge queues.

“It now plans to import diesel to help offset some of the losses, but that will only drive up competition for supplies across the rest of the continent in the weeks and months to come.

“That signals upwards pressure on prices, given that the UK imports more than half of its diesel needs.”