The average price of diesel fuel in the United Kingdom has increased noticeably. Prices reached a peak of 136.9 pence per liter in September 2021. On average, the price of diesel in the UK was cheapest in Northern Ireland.
One of the influencing factors of the cost of fuel is the volatile nature of crude oil prices globally. Brent crude oil prices have varied greatly since the 1970s. The global oil glut in 2016, as a result of cheap U.S. shale oil, Brent prices fell to 43.67 U.S. dollars per barrel, which directly resulted in cheaper diesel prices across the UK. This development is also currently observed as a result of the coronavirus pandemic, with petrol and diesel fuel prices falling as a result of declining oil demand.
Average price of diesel fuel in the United Kingdom (UK) from September 2016 to September 2021
(in pence per liter)
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Automobile Association. (October 15, 2021). Average price of diesel fuel in the United Kingdom (UK) from September 2016 to September 2021 (in pence per liter) [Graph]. In Statista. Retrieved December 03, 2021, from https://www.statista.com/statistics/299552/average-price-of-diesel-in-the-united-kingdom/
Automobile Association. "Average price of diesel fuel in the United Kingdom (UK) from September 2016 to September 2021 (in pence per liter)." Chart. October 15, 2021. Statista. Accessed December 03, 2021. https://www.statista.com/statistics/299552/average-price-of-diesel-in-the-united-kingdom/
Automobile Association. (2021). Average price of diesel fuel in the United Kingdom (UK) from September 2016 to September 2021 (in pence per liter). Statista. Statista Inc.. Accessed: December 03, 2021. https://www.statista.com/statistics/299552/average-price-of-diesel-in-the-united-kingdom/
Automobile Association. "Average Price of Diesel Fuel in The United Kingdom (Uk) from September 2016 to September 2021 (in Pence per Liter)." Statista, Statista Inc., 15 Oct 2021, https://www.statista.com/statistics/299552/average-price-of-diesel-in-the-united-kingdom/
Automobile Association, Average price of diesel fuel in the United Kingdom (UK) from September 2016 to September 2021 (in pence per liter) Statista, https://www.statista.com/statistics/299552/average-price-of-diesel-in-the-united-kingdom/ (last visited December 03, 2021)
