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UK diesel hits record high as global fuel costs climb

financeSep 28, 202619196

Diesel in the UK reached a record 199.18p per litre, the motoring organisation RAC said, while petrol averaged 174.13p. RAC said diesel has risen by 59p a litre, almost 40 percent, since the conflict between the USA and Iran began at the end of February, topping the previous 2022 peak of 199.09p. The rise raises the cost of filling an average family diesel car to about £110, £31 higher than before the conflict, and RAC policy head Simon Williams warned higher diesel costs will be passed on to consumers and will not fall until oil prices remain lower for several weeks. Brent crude has risen to roughly $108 a barrel from about $73 before the US invasion of Iran, and supplies are constrained by disruptions in the Middle East and a Russian diesel export ban. Airlines and analysts say airfares could remain elevated even if jet fuel prices ease, because carriers are factoring volatile fuel costs into ticket pricing and broader operational expenses.

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