What to know

• UK red diesel rose 10–14p per litre in days; US diesel hit an all-time high of $5.85/gallon Friday, driven by renewed US-Iran fighting and Russian export bans.
• The spike arrived during peak season for farm fuel purchasing, forcing farmers to adjust buying patterns to manage cashflow.
• Global refining capacity squeeze, particularly Russia's reduced diesel supply despite sanctions, is compounding price pressure.

“This latest spike has really caught everybody by surprise and hit them quite hard because it's been such a large spike and because of the time of year.”

Alex Harrison, Fuel buyer, Fram Farmers · The Guardian

Alex Harrison Fuel buyer, Fram FarmersFram Farmers UK not-for-profit farmer co-operative