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Economists Warn Of 5% UK Inflation If US Diesel Ban Goes Ahead
The brief
- UK diesel prices hit a record £2 per liter, with fears they could rise to £3
- Economists warn inflation could reach nearly 5% if a US diesel export ban goes ahead
- Diesel boom lifts Reliance and Nayara, leaves state-run OMCs bleeding
- Nayara raises petrol by ₹5, diesel by ₹3 per litre
- 100M oil barrels to hit markets: G7 makes big move after Trump’s diesel export ban threat
- Trump rules out a US diesel export ban
- G7 agrees to release 100 million barrels of oil and fuel over four months