UK diesel price hits all-time high
Summary
Diesel prices in the UK have reached an all-time high of 199.18 pence per litre due to disruptions caused by the ongoing war in the Middle East. Petrol prices are also rising, making it more expensive to fill up vehicles and likely increasing costs for goods and services.Key Facts
- Diesel prices hit 199.18 pence per litre, the highest ever recorded in the UK.
- Petrol prices also increased, now at 174.13 pence per litre.
- The war in the Middle East, especially in Iran, has disrupted oil production and transport.
- Diesel costs have risen by £31 for an average family car since the conflict began.
- The previous diesel price record was 199.09 pence per litre in June 2022.
- Higher diesel prices affect the cost of goods and services transported by diesel trucks and vans.
- Prices are unlikely to drop until oil prices remain lower for several weeks.
- The UK is very affected by international events impacting oil supply and prices.
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