Diesel owners face 20p per mile road fees in October

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.