UK Diesel Price Surge
UK diesel prices near record high amid volatile global oil markets.
Anonymous
UK diesel prices have climbed to 198.32p per litre, making them the highest in Europe and bringing them close to the 199.09p record set in 2022. The RAC expects the record to be surpassed as retailers pass on higher supply costs; a 55-litre fill-up now costs about £109. Petrol has also risen to 173.6p per litre, its highest level in more than four years. The increases are tied to volatile oil prices amid the Iran conflict, with Brent crude recently reaching about $106 a barrel, and the RAC says relief may depend on a US-Iran deal.
Key Points
1
The UK’s diesel price is 12p per litre higher than in Finland and the Netherlands, which are the next most expensive European countries, according to RAC analysis.
2
RAC figures show diesel has risen 55p per litre since 28 February, while petrol has increased by more than 40p since the Iran war began and nearly 12p during September.
3
US President Donald Trump has considered restricting US diesel producers from selling overseas, a move the article says could push UK prices higher.
4
The article traces Brent crude’s volatility to a rise from about $70 a barrel before the conflict to a peak above $120; prices later fell close to $70 after a US-Iran framework deal in June, before tensions resurfaced.
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