Britain's diesel costs reach a new threshold as average forecourt prices climb to £2 a litre for the first time on Friday. The milestone extends a broader rise in fuel costs and comes as European policymakers discuss steps to ease pressure in diesel markets.

Record pump price reached nationwideAs reported by Reuters, citing RAC, the UK-wide average pump price of a litre of diesel reaches 200.01 pence on Friday, marking the first time the fuel crosses the £2 threshold.

Prices have been edging higher after surpassing the previous record of 199.09 pence, which was set in June 2022 shortly after Russia's invasion of Ukraine. RAC head of policy Simon Williams says the rise is showing no signs of slowing.

European supply concerns keep pressure on fuel marketsDiesel prices in Britain are rising amid a wider global surge in fuel costs, with tight refined-product markets continuing to affect consumers and transport operators.

In Europe, European Union countries discuss a French proposal on Friday to release diesel stocks in response to U.S. pressure to help cool surging fuel prices. French President Emmanuel Macron also intends to hold a call with fellow G7 leaders on action in world markets for crude and refined products after discussing the issue with U.S. President Donald Trump.

France’s push for coordinated action to curb surging diesel and fuel prices has been gathering pace across both the EU and the G7. Our earlier article explained how President Emmanuel Macron planned consultations with G7 leaders after talks with U.S. President Donald Trump, while also pressing EU partners to consider releasing additional diesel stockpiles to ease supply tightness and cool prices.

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