UK lender Barclays and supermarket Tesco have launched a joint cashback offer as Britons face the highest diesel prices since the start of the Ukraine conflict in February 2022.
The initiative comes amid soaring fuel prices in part caused by the unresolved conflict in the Middle East.
The US and Israel have carried out joint strikes on several key Iranian sites since February 28. Iran retaliated by striking sites across the Middle East and closing the critical Strait of Hormuz trade route through which 20% of global oil is traded.
The US and Iran have agreed on a short-term ceasefire, but the closure of the strait remains. The US has also imposed a blockade on Irainian ports in the strait in a bid to strangle the Iranian economy, force the closure to be lifted and pressure long-term peace negotiations.
Fuel prices flatlined over the weekend for drivers across the country, the Mirror reports. Figures from motoring group the RAC found national average for unleaded stood at 157.17p a litre on Monday, with diesel 189.23p. Both were barely changed from Friday.
According to data published by the Department for Energy Security and Net Zero on April 28, the average price per litre of ultra low sulphur unleaded petrol in the UK was 156.99p while ultra low sulphur diesel cost 189.81p per litre on average.
Fuel prices at Tesco cost the following as of April 28:
The Barclays-Tesco offer is capped at £10 per calendar month per customer.
