UK Diesel Prices Surge 34%: Pump Prices Peak?

0:00On April 8, UK diesel prices just crossed 190 pence per liter, hitting 190.6 pence on Wednesday morning. That's a massive 34% spike since late February, when the Iran conflict heated up. Petrile prices are climbing too, now averaging 151.7 pence per liter, a 19% rise over the same stretch. Drivers are reeling from these costs, the highest for both fuels since late 2022, according to the RAC. It's squeezing budgets from city commuters to long haul truckers. A new ceasefire deal between the US and Iran has sparked some optimism, potentially cooling global oil markets and halting the UK price surge in its tracks. For now, experts urge caution. The outlook stays shaky, but fingers crossed, pump prices peak soon, and give wallets a breather.