business / news / / The Mirror
Campaigners step-up criticism of oil producers.
End Fuel Poverty Coalition found UK energy firms made £3 billion in profits since January, post-Iran war.
KEY POINTS
- Shell's Q1 profits nearly doubled from last quarter, hitting £5.1 billion due to Iran conflict price surge.
- Brent crude reached $126 a barrel, its highest price in four years, following regional attacks.
- RAC notes petrol prices rose from 132.83p to 157.56p per litre after the war, with further rises expected.
- Cornwall Insight forecasts Ofgem’s price cap will increase by £201 for UK households from July.
COMPANIES
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