Watch: Why has UK diesel price hit an all time high?
UK diesel prices have reached record highs, prompting concerns for motorists and the economy. In response, G7 nations have agreed to release 100 million barrels of oil to help stabilize global fuel costs.
Why it matters
Rising fuel costs contribute significantly to inflation and the cost of living crisis, impacting both individual consumers and broader economic stability.
Price rises were "showing no signs of slowing, heaping more misery onto motorists," the group said.
Separately on Friday, the G7 nations agreed to release 100 million barrels of oil to head off further increases.
The BBC's Business Editor Simon Jack explains the rising prices in the UK - and how oil prices around the world affect the cost of petrol and diesel at the pump.
More on this story: UK diesel prices top £2 a litre for first time, RAC says
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