New sanctions likely to drive diesel prices up further

Tractors have diesel engines

Farmers and other diesel users are likely to face further price rises when new fuel and oil sanctions against Russia come into force in December and February.

Analysts at Bloomberg said: “Within the next few months, almost every region on the planet will face the danger of a diesel shortage, at a time when supply crunches in nearly all the world’s energy markets have worsened inflation and stifled growth".