Price of diesel in UK hits all-time high, new figures show
- Diesel prices are nearing record highs, approaching the previous all-time high of 199.09p per litre set on 25 June 2022 following Russia's invasion of Ukraine.
- The US-Israel conflict with Iran over the past seven months has disrupted global fuel markets. The closure of the Strait of Hormuz, through which approximately 20% of global oil flows, has significantly constrained supplies.
- Brent Crude prices have climbed back above $100 per barrel amid market volatility. Analysts estimate that every $10 per barrel increase in oil prices results in roughly 7p added to pump prices per litre.
- President Trump has indicated consideration of a ban on American diesel sales overseas, posing risks for regions dependent on imports from American and Norway sources. A planned fuel duty increase remains postponed until the end of December.
- The RAC has called for maintaining fuel duty at current levels through the end of Parliament. Additional pressures may emerge if American officials implement proposed restrictions on diesel exports.
9 Articles
9 Articles
UK diesel price hits all-time high
The US-Israel war with Iran has caused fuel prices to soar.
Price of diesel in UK hits all-time high, new figures show
The latest figures released by the RAC have passed the previous record set in 2022
Diesel prices hit all-time record high as millions of drivers face fuel station crisis
Diesel prices hit all-time record high as millions of drivers face fuel station crisis . Diesel prices have hit an all-time high in the UK, with drivers forced to pay £2 per litre at the pumps, as the US-Iran war continues to take a toll on motorists
Diesel and Gas could soon be rationed with a new 50 mph max speed limit across all of the UK
Contingency plans that could ration diesel and petrol and impose a nationwide 50mph speed limit are back in view as pump prices hit a record this weekend. The RAC said diesel was on course to break its all-time UK high as the U.S.-Iran war continues. As of Sunday, September 27, averages stood at 199.05p a […]
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