UK diesel prices have reached an all-time high of 199.18p per litre, driven by ongoing conflict in the Middle East and a stalled peace proposal involving Iran.
The average price of diesel at UK forecourts has climbed to 199.18p per litre, the highest level since records began. This follows the rejection of a seven-day peace deal by Donald Trump, which aimed to reopen the critical oil and gas shipping route through the Strait of Hormuz. The RAC estimates that filling an average family car with diesel now costs nearly £110, a 40% increase since the start of the Iran conflict.
The conflict has also pushed petrol prices to 174.13p per litre, up 31% since February. The RAC has called on the UK government to consider expanding fuel duty cuts or reducing VAT to ease the financial burden on drivers. Meanwhile, output from Russian refineries has dropped by nearly a third over the past year due to sustained drone attacks by Ukraine.
Why it matters
Rising fuel costs are increasing expenses for UK consumers and businesses reliant on road freight, with potential ripple effects across multiple sectors.
This section reflects Dumpling editorial interpretation and is provided for context only.
What to watch
The UK government’s response to the rising fuel prices and the outcome of ongoing diplomatic efforts in the Middle East.
This section reflects Dumpling editorial interpretation and is provided for context only.
