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- October 13, 202617°
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- October 13, 202617°
Diesel prices in England hit a record after topping £1.99 per litre
Diesel prices in England exceeded £1.99 per litre, reaching an all-time high and surpassing prices seen during the 2022 energy crisis. The cost of filling an average family car rose to around £110, up £31 from the start of the war.
Diesel prices in England exceeded £1.99 per litre, reaching an all-time high. The level surpassed prices seen during the energy crisis in 2022, following the start of the Russia-Ukraine war.
The RAC said that supply disruptions in the Strait of Hormuz had tightened oil supplies and that rising oil prices had been passed on at fuel stations.
Cost of filling a tank reaches £110
Simon Williams, head of policy at the RAC, said the cost of completely filling the tank of an average family car had risen to around £110. Williams said this was £31 higher than at the start of the war.
Williams said the record rise in diesel prices meant more than drivers paying more at fuel stations. Consumers who purchase goods and services dependent on diesel-powered lorries and vans are also expected to feel the impact of rising costs.
Higher costs expected to reach consumers
The RAC's head of policy said higher transport costs would be reflected in the prices of goods and services. Williams, who also noted that petrol prices had risen, said the prices in England showed the country's sensitivity to developments occurring far from its shores.
According to Williams, oil prices need to remain consistently low for several weeks, rather than just several days, for prices at fuel stations to fall.
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