UK motorists are facing a significant blow as diesel prices approach record highs, with the RAC reporting a sharp rise in fuel costs linked to ongoing tensions in Iran. Petrol prices have surged by 3p per litre over the past five days alone, reaching 157.02p, while diesel has soared from 142.38p at the end of February to 189.42p today.
Since the conflict in Iran began on February 28, diesel prices have climbed by nearly 50p per litre, translating into an additional £26 for drivers filling a typical 55-litre tank. Simon Williams, head of policy at the RAC, highlighted the recent price hikes over the Easter bank holiday: “Petrol increased by 2.6p a litre to 157.02p, and diesel rose by 4.2p to 189.42p.”
Williams warns that diesel is on track to surpass 190p per litre imminently, only 9p shy of the record high of 199.09p recorded on June 25, 2022. He stressed the burden on drivers, especially diesel users, who have seen a one-third price increase amid the conflict—even with the current 5p-a-litre fuel duty discount in place. “Many will be urging the Government to introduce further measures to alleviate the pain at the pumps,” Williams added.
READ MORE: DWP Considers Flexible State Pension Age to Allow Early Access for Some
READ MORE: Birmingham Underpass Revitalised as City Centre Art Revival Continues
The fuel price hike comes as diplomatic developments unfold, with the US and Iran agreeing to a conditional two-week ceasefire that includes reopening the Strait of Hormuz. This agreement followed last-minute mediation by Pakistan, whose prime minister, Shehbaz Sharif, brokered the temporary peace, allowing diplomatic efforts to proceed.
Earlier tensions were starkly illustrated when former US President Donald Trump issued a dire warning on Truth Social, followed by his announcement of a ceasefire contingent on Iran’s compliance with reopening the strategic waterway.
With these fluctuating geopolitical events directly influencing fuel markets, UK drivers are bracing for continued volatility at the pumps.