Price of diesel hits all-time high in ‘financial blow’ for households – RAC
Litre of diesel now sits at 199.18p.
The average price of a litre of diesel has reached the highest level in UK history.
Analysis of fuel prices by the RAC has shown that a litre of diesel now stands at 199.18p, meaning that the cost to fill up an average family car now stands at close to £100 – £31 more than it was before the start of the Iran conflict.
The RAC’s head of policy, Simon Williams, said that given the prices are now higher than the previous record price of 199.09p in June 2022, diesel costs had now entered ‘uncharted territory’.
“This spells pain not only at the pumps for drivers, but for everyone who buys goods or services that rely on diesel lorries and vans; undoubtedly these increased costs will be passed on to consumers.
“Petrol prices, too, are continuing to rise. A litre of unleaded stands at 174.13p on average, 41p more than at the start of the war – taking the cost of a full tank to nearly £96.”
Williams added that only a ‘sustained lower oil price’ would bring prices down with ‘suggestions of a renewed deal to end the blockade of the Strait of Hormuz’ offering ‘a slight glimmer of hope for drivers.’
The cost of diesel has continued to rise following the ongoing conflict between the US and Iran, alongside continued hostilities between Russia and Ukraine.
Williams added: “The UK might have limited leverage when it comes to ending the US/Iran war and ultimately bringing oil prices down, but the Government could take steps to ease the burden on drivers by lowering fuel duty further or reducing VAT.”