Recent global events have led to significant changes in fuel markets, meaning the PTI Express fuel surcharge has increased in line with the cost of diesel. We recognise that increases in operating costs can impact our customers, so we want to be clear about why this adjustment has been necessary.

Petrol and diesel prices have risen sharply in recent weeks, reaching their highest levels in nearly 20 months. Latest data shows diesel prices have increased by between 4.68p and 8.59p per litre since 28 February, driven largely by a surge in global oil prices.

The increase has been linked to escalating tensions in the Middle East following the conflict involving Iran. Brent crude oil — the global benchmark for oil prices — briefly rose above $100 per barrel for the first time since 2022, significantly increasing the cost of wholesale fuel.

Markets have also been unsettled by concerns around the Strait of Hormuz, a critical shipping route through which around 20% of the world’s oil and gas supply passes. Disruption or threats to this route have a direct impact on global energy prices and therefore the cost of diesel in the UK.

At PTI Express we work hard to manage these fluctuations responsibly. Each Friday we review fuel prices and agree weekly rates with our suppliers, ensuring our fuel surcharge accurately reflects the real cost of diesel for the following week.

While analysts currently expect oil prices to stabilise later in the year, the recent spike has temporarily increased transport costs across the industry. We remain committed to keeping surcharges as low as possible and reviewing them regularly as fuel prices change.