UK fuel prices near record highs amid Middle East conflict

Summarised from 6 outlets · Updated 24 Sept, 12:34 · Archive

UK diesel and petrol prices are approaching record levels as Middle East conflict and Ukrainian strikes on Russian refineries disrupt global oil supplies.

Diesel prices are close to the 199p per litre record set after Russia's 2022 invasion of Ukraine, with current prices at 196.1p and petrol at 172.4p. The increases are driven by conflict between the United States and Iran, the closure of the Strait of Hormuz, and Ukrainian air raids on Russian oil refineries. Small businesses and drivers report significant impacts on their finances.

How it is being reported

• Could the oil shock push fuel prices even higher?From Hormuz to the Black Sea, pressure on main supply routes is testing the resilience of the global energy market.Al Jazeera · 24 Sept, 12:17
• How is the EU approaching record fuel prices?Fuel prices have hit record highs across Europe in recent days, driven by soaring oil prices amid the war in the Middle East and Ukrainian strikes on Russian refineries. However, the scale of the increases, as well as the measures taken to address them, varies significantly from one country to another. Here’s why.France 24 · 22 Sept, 17:07
• UK supporting Saudi Arabia could help keep fuel prices down, minister claimsEnergy prices have already shot up following conflict involving Iran and the shutting down of the Strait of HormuzThe Independent · 22 Sept, 10:44
• Businesses struggle to profit as fuel prices soarFuel prices across the West have risen to nearly £2 per litre amid ongoing conflict in the Middle East.BBC Business · 22 Sept, 09:33
• ‘Half my day’s pay goes to filling up my car now’: diesel crisis ripples across BritainSmall traders and drivers bear the brunt of a refining shortage taking forecourt prices towards £2 a litre as wars wipe out about a fifth of global supplies The smoke rising from the Kapotnya oil refinery to the south-east of Moscow marks one of Ukraine’s biggest air raids on the Russian capital since the start of the war, and the latest salvo in an energy crisis that threatens to affect households and businesses across the globe. More than 1,500 miles away, British motorists are braced for the ripple effect from that conflict, and the US-Israel war on Iran. Average UK diesel prices are…The Guardian · 21 Sept, 17:29
• UK petrol and diesel prices set to peak within days - Cheapest and most expensive fuel stationsExperts have predicted that the UK is just days away from seeing the most expensive fuel ever seen in the UK, as millions look for the lowest prices in their area. Fresh data suggests that diesel will hit its highest-ever price this week as the war between the United States and Iran rages on, sending the global cost of oil ever higher. The UK's record price for diesel came in the months following the Russian invasion of Ukraine in 2022, when drivers saw an average cost of 199p per litre at the pumps. At present, drivers are paying 196.1p per litre for diesel, while petrol costs 172.4p per…GB News · 21 Sept, 15:54

In this story: UK · Iran · United States · Ukraine · Russia · Saudi Arabia

This summary was written by AI from the headlines and standfirsts above, and states as fact only what at least two outlets report. How we use AI · Report a problem · Corrections log