If you've noticed petrol prices hitting an 18-month high at the pumps, you're not imagining it. But here's something that might surprise you: the petrol station owner isn't necessarily pocketing the difference. **Why prices are jumping so fast** The surge follows the recent escalation of conflict in the Middle East, which has driven oil prices up sharply. Diesel has been hit particularly hard, with the biggest price increases in over two years. The problem is how quickly these global price movements filter through to your local forecourt – and it varies dramatically depending on the size of the retailer. **The difference between big and small operators** Large supermarkets and major fuel retailers buy oil in bulk and often purchase weeks in advance. This means rising wholesale costs reach their pumps more gradually, and they can negotiate better rates because of the volumes they're buying. Small independent petrol stations, however, operate on what's...
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