The average UK diesel price exceeded £2 a litre for the first time on Friday, reaching a record 200.01p a litre, according to RAC data.
The average UK diesel price exceeded £2 a litre for the first time on Friday, reaching a record 200.01p a litre, according to RAC data.
The average UK diesel price rose to a new record of 199.53p a litre on Tuesday, moving within half a penny of £2 for the first time. The latest increase
UK diesel prices have risen to a record 199.18p a litre on average, according to the RAC, surpassing the previous peak reached in June 2022 following Russia’s invasion of Ukraine.
UK fuel prices are continuing to climb despite the recent fall in crude oil, with the average price of diesel reaching 196.89p per litre, according to the RAC.
The Bank of England has kept interest rates unchanged at 3.75%, despite inflation rising to a five-month high and mounting pressure from higher energy prices.
The Bank of England is expected to keep interest rates unchanged at 3.75% on Thursday, despite UK inflation rising to a five-month high.
UK petrol and diesel prices have climbed to their highest levels in four years, adding fresh pressure to household budgets as the latest surge in oil prices feeds through to
UK petrol prices have climbed to their highest level in four years as the latest escalation in the Middle East pushes oil and wholesale fuel costs sharply higher.
UK petrol prices are expected to climb to their highest level of the year this weekend after renewed US attacks on Iran pushed global oil and fuel markets higher.
UK petrol and diesel prices have started to rise again as higher crude oil prices feed through to wholesale fuel costs.
Donald Trump’s declaration that the US-Iran ceasefire is effectively over has been described as an “ominous” development for UK petrol prices.
UK diesel prices recorded their biggest monthly fall on record in June, according to RAC Fuel Watch data, as lower oil prices fed through to forecourts.