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Daily Express

Diesel owners face 20p per mile road fees in October

AI Market Summary
UK diesel surpassing £2 per litre, with running costs at 20p per mile, reflects Middle East supply disruption feeding energy-led inflation. Higher pump prices drain household discretionary spending and squeeze transport-heavy corporate margins, complicating central bank easing expectations. A possible US diesel export ban would tighten global distillate balances further, supporting crude and refined-product benchmarks while weighing broadly on risk sentiment and growth-sensitive assets.
Impact level
● Medium
Affected assets
NCCO1OILBRENT2USD/USDT+0.77%
AI Insight · NCCO1OILBRENT2USD/USDTAI Insight
▼ Bearish
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Diesel motorists are being slapped with staggering price hikes in recent months, with road users now paying as much as 20p per mile to get behind the wheel.
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