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Analysis

UK diesel pump price exceeds its 2022 record

The UK’s average diesel pump price reached 199.18 pence per litre on 28 September, above the previous peak of 199.09 pence in June 2022, according to motoring group RAC. Filling a typical family car now costs almost 110 pounds. The rise adds to transport costs, although any pass-through to consumer goods remains a forecast rather than a measured effect.

Economics & Markets··Morning
A driver holds a diesel pump nozzle at a filling station.

The litre price passes the earlier peak

The average diesel price at UK forecourts reached 199.18 pence per litre on 28 September, according to RAC, a British motoring organization. That narrowly exceeded the June 2022 record of 199.09 pence. The figure is a national average, so individual filling stations may charge more or less. This peak applies to the UK diesel pump price; it does not mean British diesel was Europe’s most expensive.[1], [2]

A family-car fill-up nears 110 pounds

RAC estimates that filling a typical family car with diesel now costs almost 110 pounds, about 31 pounds more than before the war in Iran began. Its example combines the average pump price with a representative tank size; the amount is not a bill for every vehicle. Petrol was averaging 174.13 pence per litre on the same day. The separate petrol figure shows that the new peak concerns diesel specifically, while both fuels are part of household travel costs.[1], [2]

Freight absorbs a higher fuel cost

Diesel is used in freight, farming and industry as well as private cars. RAC policy chief Simon Williams warned that higher lorry and van costs could be passed on to goods and services; that is a risk he identified, not a measured price effect. Reuters reported that Britain imports nearly 55% of the diesel it consumes. The existing UK fuel-duty reduction runs through year-end, while RAC has called for further tax relief. Williams said a decline at the pump would require oil prices to remain lower for weeks, rather than days.[1], [2]

References

  1. News sourceThe GuardianUK diesel reaches a record 199.18 pence per litre↩1↩2↩3
  2. News sourceReutersUK diesel price reaches record 199.18 pence per litre↩1↩2↩3