Average diesel prices pass £2 per litre – as Britain is cut out of European crisis talks

WorldBusiness & Finance
2 Oct 2026 • 9:05 PM MYT
The Independent
The Independent

The world’s most free-thinking newspaper

Average diesel prices pass £2 per litre – as Britain is cut out of European crisis talks

  • UK average diesel prices surpassed £2 per litre for the first time amid surging global fuel costs caused by ongoing US conflict with Iran.
  • Donald Trump threatened to halt US diesel exports to Europe unless European nations release emergency fuel stocks to lower global prices.
  • The UK was excluded from initial EU discussions on fuel stock releases but subsequently engaged in crisis talks with Brussels and G7 partners.
  • Transport minister Keir Mather reassured the public that the UK maintains a diverse supply of diesel and is collaborating with US counterparts to preserve global flows.
  • Chancellor John Healey confirmed the UK is taking the US export ban threat seriously and highlighting the country's own fuel reserves while calling for a diplomatic resolution with Iran.

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