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The Independent UK
The Independent UK
Business
Simon English

Petrol and diesel prices to fall in two weeks if Iran ceasefire holds, AA says

Hard-pressed motorists could be in for some good news if the Iran ceasefire holds. Motoring groups say the cost of petrol and diesel should fall in about two weeks if peace talks at least continue as planned over the weekend in Islamabad.

An AA spokesperson said: “Based on the fuel industry's rule of thumb of a 10 to 14-day lag between wholesale cost movements and those at the pump, drivers should expect prices on forecourts to level by next weekend and then fall – providing the ceasefire holds.”

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