Warning over price rises as cost of diesel reaches new high
The AA said the average price of a litre of the fuel reached 151.21p on Thursday.
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.Diesel prices have reached a new high, leading to fears that businesses will further increase prices for consumers.
The AA said the average price of a litre of the fuel reached 151.21p on Thursday.
The previous record high was 151.10p on November 20.
The AA said the average price of a litre of the fuel reached 151.21p on Thursday.
Average petrol prices are 147.67p, which is within 0.05p of its most expensive level.
Many companies have already warned they will increase prices due to rising costs from raw materials, wages and energy bills.
AA fuel price spokesman Luke Bosdet said: “Businesses warned this week that they have no option but to pass on higher costs to consumers.
“The latest jump in the price of diesel, the workhorse fuel of business and haulage, ramps up that inflationary pressure even more.”