UK Prepares for Possible US Diesel Ban as Pump Prices Hit 199.18p a Litre
Updated
Updated · bbc.co.uk · Sep 28
UK Prepares for Possible US Diesel Ban as Pump Prices Hit 199.18p a Litre
3 articles · Updated · bbc.co.uk · Sep 28
Summary
John Healey said the UK is talking to Washington and readying its own diesel stocks in case Donald Trump halts US exports, a move that could tighten British supply further.
199.18p a litre — a record UK diesel price on Monday — reflects supply strains from the Iran conflict and the war in Ukraine, with petrol also rising to 174.13p.
About one-third of UK diesel imports come from the US, making Britain especially vulnerable if Trump follows through on a ban reportedly aimed at easing US prices before midterm elections.
The price shock is adding pressure before Healey's 28 October Budget, with the current fuel-duty freeze due to end and scheduled increases of 3p in January and 2p in March.