Diesel still costing close to a ’dismal’ £2 a litre despite oil price falls

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UK diesel prices remain close to £2 per litre despite a sharp fall in oil prices, with the AA reporting an average of 197p. Petrol has declined to 168p per litre, while a leading bank official warns that energy costs are likely to remain elevated.

Pump prices stay stubbornly high as leading bank official warns energy costs are likely to remain ‘elevated’ Business live – latest updates The price of diesel on UK forecourts remains stubbornly close to October’s record high of £2 despite a sharp fall in oil prices. A litre costs an average of 197p, according to the AA, which described the situation as “dismal”. By contrast, petrol has fallen 6p to 168p from the peak of 174.7p in early October. That was the highest level since August 2022. Continue reading...