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- October 17, 202614°
- BIST10011,722-2.89%
- USD49.45+0.05%
- EUR55.62+0.37%
- GOLD4,181.10+0.26%
- INTEREST37.00%-1.00
- BITCOIN81,450-0.06%
- October 17, 202614°
Diesel prices in England hit an all-time high of £1.99 per litre
The price of diesel in England has exceeded £1.99 per litre, surpassing the energy crisis levels seen in 2022. The cost of filling an average family car’s tank has risen to around £110, an increase of £31 since the war began.
Diesel prices in England have exceeded £1.99 per litre, reaching an all-time high. Prices have therefore surpassed the energy crisis levels seen in 2022 after the start of the Russia-Ukraine war.
The RAC said that supply disruptions in the Strait of Hormuz had narrowed oil supplies, while the rise in oil prices had been reflected at fuel stations.
Cost of filling drivers’ tanks rises to £110
Simon Williams, the RAC’s head of policy, said it now cost around £110 to fill the tank of an average family car. Williams said the cost had risen by £31 since the beginning of the war.
Williams said the impact of record diesel prices would not be limited to drivers paying more at fuel stations. Consumers buying goods and services transported by diesel-powered lorries and vans are also expected to face higher costs.
Transport costs will feed through into prices
The RAC’s head of policy said higher transport costs would be reflected in the prices of goods and services. Williams also said petrol prices had risen, showing the sensitivity of prices in England to developments occurring far from the country’s shores.
Williams said oil prices would need to remain consistently low for several weeks, rather than just a few days, for fuel station prices to fall.
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