why is petrol going up again

The main reasons why petrol prices are going up again include global factors such as geopolitical tensions, supply disruptions, and oil market volatility. Specifically, ongoing conflicts in the Middle East have driven oil prices higher, which raises costs at the pump. Also, supply constraints due to refinery shutdowns and low stock levels contribute to price increases even when crude oil prices show some fluctuation. Retailers keeping margins high is another factor pushing petrol prices upward. These elements combine to create periodic petrol price hikes despite some decreases in crude oil prices or local currency fluctuations. This scenario reflects a complex interplay of global oil supply-demand dynamics, geopolitical risks, and local market conditions as seen in recent months around August 2025.