Fuel prices weigh on consumers as drivers prepare for excise increases

“While it may no longer be the worst of times, it is still far from the best of times,” said economist Austin Hughes.

Brent crude futures also climbed to around $86 last week. This will eventually trickle down to impact consumers at the forecourt pumps.

Consumer sentiment edged lower again in March as drivers expect to see a rise in fuel prices next month as increases in excise are set to take effect, according to a survey.

Brent crude futures also climbed to around $86 last week after Ukrainian drone strikes disrupted Russian oil refineries. This will eventually trickle down to impact consumers at the forecourt pumps.