UK inflation climbs to 3.3%, driven by largest increase in fuel prices in over three years – business live

Oil prices fall on ceasefire extension but stay near $100 a barrel as strait of Hormuz remains closedThe average price of petrol rose by 8.6p a litre between February and March, compared with a fall of 1.6p a litre a year earlier. The average price was 140.2p a litre, the highest since August 2024, the ONS said.Diesel prices rose even more, by 17.6p a litre, compared with a drop of 1.6p a litre this time last year. The average price stood at 158.7p a litre, the highest since November 2023. Conti...