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Explained in plain English

Petrol prices to fall?

When the global price of crude oil drops, it usually takes a little while for that saving to filter down to the pumps. This story suggests a significant fall, so you might see cheaper petrol and diesel in the coming days and weeks. This helps your household budget go a bit further.

Stories that explain this

Oil falls as Qatar, Oman near deal to reopen Strait of Hormuz Oil prices drop 4% as US-Iran pause, but one threat remains

Related explainers

UK inflation outlook Your energy bills Geopolitical stability Global shipping costs Global trade routes Your heating bill impact Middle East stability Why are my petrol prices up?

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