Diesel prices in the UK are expected to hit record levels over the weekend as the fallout from the US-Israel war with Iran continues to drive up costs.
The average price of a litre of diesel at the pump stands at 198.32p, according to the RAC motoring body. That’s close to the all-time high of 199.09p recorded on 25 June 2022, following Russia’s full-scale invasion of Ukraine.
Simon Williams, head of policy at RAC, said the June 2022 high would “almost certainly be surpassed over the weekend as retailers continue to pass on the increases they’re seeing when they buy new supply”.
Over the past seven months, the Iran war has severely disrupted the production and transportation of wholesale oil across the region, causing the price of fuels made from oil to surge.
Motor fuel prices fell back when the US and Iran agreed in June to a framework deal to end the fighting, but rose again as tensions resurfaced.
Meanwhile, US President Donald Trump has responded to rising diesel prices by mulling a ban on US diesel producers selling overseas, in a move which could push up the UK price even higher.
