UK diesel hits record £2 a litre as US pressures Europe to release reserves

· Energy · United Kingdom · United States

UK diesel pump prices reached a record average of 200.01p a litre, driven by surging global oil prices amid the Iran war. France has proposed that EU nations and the IEA release oil and diesel from reserves, while President Trump has threatened to ban diesel exports to ease US prices before the November elections.

Why it matters:Diesel is the fuel of freight and farming, so record prices feed directly into global inflation and could force governments into emergency reserve releases.

Key points

  • The average UK diesel price hit an all-time high of 200.01p a litre, per the RAC.
  • France proposed coordinated reserve releases by EU nations and the IEA.
  • Trump threatened a diesel export ban ahead of the November elections.

Sources (original reporting)

More stories from this day