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Diesel sees biggest monthly fall in 26 years. What's happening to fuel prices?
Key takeaways
- When the US-Israel war with Iran began on 28 February, fuel prices surged as the conflict severely disrupted the production and transportation of energy across the Middle East.
- However, since the US and Iran agreed to a framework deal to end the fighting in June, prices have nosedived.
- Motoring group the AA has said it expects pump prices to fall further and added that "the timing is perfect for the start of the summer holidays".
Why this matters: a developing story that could shape the day's news cycle.
Maskot/Getty Images Published2 March 2026Updated 29 minutes ago UK motorists experienced the fastest monthly fall in diesel prices since 2000 with the cost plunging by 17p a litre in June, according to motoring group RAC.
When the US-Israel war with Iran began on 28 February, fuel prices surged as the conflict severely disrupted the production and transportation of energy across the Middle East.
However, since the US and Iran agreed to a framework deal to end the fighting in June, prices have nosedived.
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