World

UK diesel price hits all-time high

The US-Israel war with Iran has caused fuel prices to soar.

UK diesel price reaches record level

Diesel prices have climbed to an all-time peak of 199.18p per litre, according to the motoring organisation RAC, as the war in the Middle East keeps driving up fuel costs.

Petrol prices are also continuing to rise, with a litre now priced at 174.13p.

Over the past seven months, the Iran war has badly disrupted the production and transport of wholesale oil throughout the region, sending the cost of oil-based fuels sharply higher.

RAC said diesel prices had moved into "uncharted territory" and were a reminder of "just how exposed the UK is to events occurring far away".

The earlier record was 199.09p in June 2022.

The rise means filling an average family car with diesel now costs £110, which is £31 more than at the beginning of the conflict.

Simon Williams, RAC's head of policy, said the diesel record "spells pain not only at the pumps for drivers, but for everyone who buys goods or services that rely on diesel lorries and vans".

"Undoubtedly these increased costs will be passed on to consumers," he said. Williams added that pump prices will not fall until there is a "sustained lower oil price - over several weeks, not days".

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