UK diesel price hits record high of £2 a litre
Summary
The average price of diesel in the UK has reached a record £2 per litre, increasing the cost for drivers and small businesses. This rise is linked to the war in the Middle East and related disruptions in oil supply, along with damage to refineries and reduced output from Russia.Key Facts
- Diesel price in the UK hit a record high of £2.00 per litre.
- Filling an average family car now costs about £110, around £32 more than before the conflict began.
- The price increase started after the US-Israel war on Iran disrupted oil supplies from the Gulf region.
- Damage to refineries and lower production in Russia have further limited diesel supply globally.
- Russia supplied 10-15% of the world’s diesel before the Ukraine war.
- About 10% of global diesel passes through the Strait of Hormuz, which has been disrupted by Iran’s actions.
- UK transport minister Keir Mather said there is no diesel shortage in the UK despite high prices.
- President Donald Trump has warned the US may cut off diesel exports and is urging Ukraine to stop attacks on Russian refineries.
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