The average price of diesel in the UK has risen to 198.32p a litre, according to new data from the RAC, putting it on the brink of the previous record of just over 199p a litre set in 2022. That level could be breached in the next few days.
Record could be surpassed this weekend
RAC head of policy Simon Williams said: “The record of 199.09p will almost certainly be surpassed over the weekend as retailers continue to pass on the increases they’re seeing when they buy new supply. Petrol is now averaging 173.6p – its highest price in more than four years. Petrol has risen nearly 12p in September and more than 40p since the Iran War began. Diesel is up 14.5p this month alone and 55p since 28 February.”
Williams added: “Sadly for drivers, there appears to be no end in sight to high prices at the pumps as the cost of a barrel of oil hit $106 having been around that $100 mark for the last two weeks. A significant drop in the price of oil is badly needed but this seems unlikely without the US and Iran striking a deal.”
Global supply pressures
Prices have been driven up globally by the Iran war, which has restricted oil supplies from the Middle East. Recent attacks on Russian refineries by Ukraine have also hurt supplies of diesel.
