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The Business

The Business

Diesel Crisis: Could UK fuel rationing really happen?

Oct 21, 2026 · 35m

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With pump prices passing £2 a litre and national reserves dropping, could the diesel crisis force ministers to activate emergency fuel rationing? In this episode of The Business , Dominic O’Connell looks at what current diesel pricing means for the UK economy. Joined by Helen Thompson, Professor of Political Economy at Cambridge, and Joe DeLaura, Global Energy Strategist at Rabobank, we examine whether low reserves and refining capacity threaten long-term economic growth. They break down how global supply disruptions, refinery closures, and changing government fiscal policy are squeezing margins across British business. Crucially, they consider - could rationing truly be a reality in the…