# Diesel still costing close to a ’dismal’ £2 a litre despite oil price falls

> UK diesel averaged 197 pence per litre, remaining close to its October record high despite a sharp decline in oil prices. Petrol fell 6 pence to 168 pence per litre from its early-October peak of 174.7 pence.

- Date: 2026-11-11 · published 2026-11-11T15:13:41.670Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/93703-diesel-still-costing-close-to-a-dismal-2-a-litre-despite-oil-price-falls
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Persistently high diesel prices can keep road-freight and feed-delivery costs elevated, even as lower crude oil prices would normally ease fuel costs. The article reports the price divergence but does not identify a specific cause for diesel’s resistance to falling.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼
- DIESEL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DIESEL | 2026-10-27 | [Petrol price rises to Rs 379 . 25 , diesel to Rs 395 . 82 per litre](https://feedsoft.ai/events/943-petrol-price-rises-to-rs-379-25-diesel-to-rs-395-82-per-litre.md) | -3.9% | — |
| DIESEL | 2023-08-25 | [Oil futures up 1% to one-week high on soaring US diesel prices](https://feedsoft.ai/events/34772-oil-futures-up-1-to-one-week-high-on-soaring-us-diesel-prices.md) | -0.2% | +5.4% |
| DIESEL | 2022-04-28 | [Why diesel prices are driving up the cost of everything](https://feedsoft.ai/events/42030-why-diesel-prices-are-driving-up-the-cost-of-everything.md) | -3.1% | -16.2% |
| DIESEL | 2018-08-26 | [Why Diesel Prices Are Set To Soar](https://feedsoft.ai/events/63722-why-diesel-prices-are-set-to-soar.md) | +1.8% | +3.9% |
| DIESEL | 2024-12-12 | [Global diesel prices to rely on refinery closures for support in 2025](https://feedsoft.ai/events/27158-global-diesel-prices-to-rely-on-refinery-closures-for-support-in-2025.md) | +1.1% | +12.9% |
| BRENT | 2022-07-01 | [Oil prices fall due to recession worries](https://feedsoft.ai/events/40409-oil-prices-fall-due-to-recession-worries.md) | -7.1% | -7.6% |
| BRENT | 2023-07-04 | [Why are OPEC+ supply cuts failing to boost oil prices?](https://feedsoft.ai/events/34941-why-are-opec-supply-cuts-failing-to-boost-oil-prices.md) | +4.3% | +14.5% |
| BRENT | 2023-12-12 | [What led to this fall's oil price slide — and what might come next \| CBC News](https://feedsoft.ai/events/32886-what-led-to-this-fall-s-oil-price-slide-and-what-might-come-next-cbc-news.md) | +3.3% | +2.3% |

## Sources

- theguardian.com: https://www.theguardian.com/money/2026/nov/11/diesel-prices-petrol-business-oil-hormuz

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.