UK diesel prices hit a new high at 199.18 pence per liter

The Royal Automobile Club (RAC) stated that due to the ongoing war in the Middle East driving up fuel costs, diesel prices have reached a record high of 199.18 pence per liter. Petrol prices are also continuing to rise, currently selling at 174.13 pence per liter. Over the past seven months, the Iran war has severely disrupted wholesale oil production and transportation in the region, causing prices of petroleum-based fuels to surge. Since the outbreak of the conflict between the United States and Iran at the end of February, diesel prices have risen by 59 pence per liter, an increase of nearly 40%. The previous record was set in June 2022 at 199.09 pence per liter. This increase means that filling up a typical family car with diesel now costs £110, £31 more than at the start of the conflict. Petrol prices are currently 41 pence per liter higher than at the onset of the conflict but remain well below the 2022 peak.