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RAC says Strait of Hormuz disruption pushes UK diesel prices to record high
The price of diesel in the UK has surpassed £1.99 per litre, exceeding levels seen during the 2022 energy crisis. Filling the tank of an average family car now costs around £110, an increase of £31 compared with the start of the war.
Diesel prices in the UK have surpassed £1.99 per litre, setting a new record. The Royal Automobile Club (RAC) said the increase had pushed prices above the energy crisis levels seen in 2022 after the Russia-Ukraine War began.
The RAC said a supply disruption in the Strait of Hormuz had tightened oil supplies, while the resulting rise in oil prices had been passed on at fuel stations.
Cost of filling a tank 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 this was £31 higher than at the start 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 lorries and vans are also expected to be affected by the rising costs.
Transport costs expected to affect prices
The RAC's head of policy said the increase in transport costs was expected to feed through into the prices of goods and services. Williams said petrol prices had also risen, noting that fuel prices in the UK were sensitive to developments taking place far from the country's shores.
Williams said oil prices would need to remain consistently low for several weeks, rather than just several days, for prices at fuel stations to fall.
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