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Price of diesel in UK hits all-time high, new figures show
RAC figures show the average diesel bill has topped the previous 2022 record as officials weigh emergency fuel measures and possible rationing.
On Monday, the average price of a litre of diesel in the UK reached 199.18p, a record high, with motorists in Oxford experiencing significant price spikes amid global supply disruptions.
Ongoing conflict between the US and Iran has disrupted global petroleum supplies, while war between Russia and Ukraine has driven up wholesale fuel costs, reducing diesel exports sharply.
RAC head of policy Simon Williams warned that filling an average family car now costs almost £110, an increase of £31 since the US-Iran conflict began on February 28.
Russian diesel exports have dropped sharply following Ukrainian drone attacks on oil refineries, with a key facility near Moscow damaged earlier this month in a massive operation.
Williams stated, "Only a sustained lower oil price – over several weeks, not days – will lead to cheaper prices at the pumps," signaling prolonged market pressure ahead.