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Britain Faces Surge in Diesel Costs
Diesel prices in the United Kingdom have risen to unprecedented high levels due to the escalation of the conflict between the United States, Israel, and Iran, with the price per liter surpassing 199.18 pence. This has led to an increase in fueling costs for vehicles by approximately 31 British pounds compared to before the conflict. This rise is putting additional pressure on inflation and affecting transportation and logistics costs within the industrial and agricultural sectors. It also reflects the decreased capacity of British refineries, which are currently operating four plants with a combined capacity of up to one million barrels per day, down from six refineries and 1.27 million barrels in 2024. Despite the increase, diesel prices in Britain remain lower than in several other European countries. The government is calling for measures to reduce the burden of rising fuel prices through tax cuts or by lowering Value Added Tax (VAT).
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