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UK diesel price tops £2 a litre as G7 countries agree to release 100 million barrels of oil

The £2 threshold was crossed as the group of advanced economies agreed to a substantial release of fuel reserves.

Tarun Mottlia

Via BBC News

·Excerpt
UK diesel price tops £2 a litre as G7 countries agree to release 100 million barrels of oil
Image: Image caption, Farmer Mark Means says higher diesel prices are pushing up his costs dramatically

The average price of diesel has risen above £2 a litre in the UK for the first time, according to the RAC motoring group, as G7 nations agreed to release 100 million barrels of oil to head off further increases.

Diesel has now hit an average of 200.01p a litre, the RAC said, and petrol prices are also still rising, reaching 174.71p a litre on average.

The motoring group said price rises were "showing no signs of slowing, heaping more…

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