UK transport firms seek government help as diesel hits record £2.01 a litre

· Logistics · United Kingdom

Diesel prices hit a record average of £2.01 per litre on 2 October, up 40.5% from 142.38p at the end of February, according to the RAC, The Loadstar reported. Nearly six out of 10 UK transport and storage businesses are now "very concerned" about the pressure, prompting calls for government support. The surge in fuel costs raises operating expenses for hauliers and logistics operators, who typically struggle to pass higher fuel prices through to customers quickly. The industry's appeal for state help highlights how fuel volatility is squeezing margins across road freight and storage operators.

Why it matters：Record fuel costs are testing road freight operators' ability to pass costs through, and the outcome will shape margins and pricing across UK logistics.

Key points

  • Diesel averaged a record £2.01 per litre on 2 October, per the RAC.
  • That is up 40.5% from 142.38p at the end of February.
  • Nearly six in 10 UK transport and storage businesses are very concerned.

Sources (original reporting)

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