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Diesel Prices Soar Towards Record High
25 Sep
Summary
- Diesel prices are nearing a record high, surpassing 198p per litre.
- Global oil supplies are disrupted by ongoing conflict in Iran.
- Some UK service stations are charging over 219p per litre for diesel.
UK motorists are facing significant financial pressure as diesel prices are poised to surpass previous record highs this weekend. The average price of diesel has climbed to 198.32p per litre, just shy of the 199.22p record set in June 2022 following Russia's invasion of Ukraine. This escalation is driven by the ongoing conflict in Iran, which is disrupting global oil supplies and consequently increasing fuel costs.
Latest figures reveal that over 1,700 fuel stations across the UK are already selling diesel at over £2 a litre. Some motorway service stations are even charging a stark 219.9p per litre, with specific BP forecourts identified as charging this premium. RAC head of policy, Simon Williams, noted that the UK now has the most expensive diesel in Europe.
Petrol prices have also risen sharply, averaging 173.6p per litre, their highest in over four years. This represents an increase of nearly 12p in September and over 40p since the Iran war began, with diesel seeing a 14.5p rise in September alone. The cost of a barrel of oil has remained around $100 for the past two weeks, hitting $106, indicating no immediate relief for drivers.
