List of cheapest and most expensive fuel brands in the UK revealed

Here's how the prices can vary

Amid fears of a spike, RAC looked 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.

Usually, supermarkets are cheaper than big fuel brands, and 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.

Latest fuel prices by brand

source: RAC

How big the risk of another fuel spike really is

Due to the on-and-off hostilities between the US and Iran, there’s the disruption caused to deliveries from the Middle East.

In the meantime, Ukrainian attacks on Russia’s energy infrastructure have prompted Moscow to ban diesel exports this week.

Typically, Russia is Europe’s largest producer of oil, and the country is now suffering fuel shortages across its vast land mass and rationing has failed to prevent huge queues.

Following the latest developments, Russia is now planning to import diesel to help offset some of the losses.

However, that will only drive up competition for supplies across the rest of the continent in the weeks and months to come.

Given that the UK imports more than half of its diesel needs, that signals upwards pressure on prices.