UK in talks with EU partners to release strategic fuel reserves if needed, BBC understands
Summary
The UK government is discussing with European Union partners the possible release of extra strategic fuel reserves, including diesel, to ease high fuel prices. These talks come as President Donald Trump considers banning diesel exports from the US, a major diesel supplier, which could push global prices even higher.Key Facts
- The UK is in talks with EU countries about releasing extra fuel reserves if needed.
- President Donald Trump has suggested banning diesel exports from the US to lower domestic fuel prices.
- The US exports around 1.2 to 1.5 million barrels of diesel per day globally.
- Diesel prices in the UK recently reached a record high of nearly 200 pence per litre.
- Energy Minister Martin McCluskey spoke with EU officials to discuss the US export ban threat.
- The UK relies heavily on diesel imports because domestic refineries do not produce enough.
- Global diesel prices have risen due to conflicts affecting oil transport routes and export bans from countries like Russia.
- Diesel is used widely in road transport and agriculture, making demand hard to reduce.
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