Diesel prices set 23-year record as Iran oil crisis deepens

WorldBusiness & Finance
30 Mar 2026 • 6:03 PM MYT
The Independent
The Independent

The world’s most free-thinking newspaper

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  • Motorists in the UK are experiencing further fuel price increases, with experts forecasting that the impact of the Iran war could persist for months.
  • The conflict has resulted in Iran's control over the Strait of Hormuz, leading to a more than 3 per cent surge in oil prices, reaching $117 per barrel.
  • Despite assurances from UK ministers that fuel rationing is unnecessary, an Asda boss cautioned about potential temporary shortages at the pumps.
  • Spending on fuel rose by 11 per cent in the week immediately after the war began, according to recent data.
  • The average price of diesel at UK forecourts climbed to 179.9p per litre, a 28.5p difference from petrol (151.4p), marking the widest gap since at least 2003.

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