Labour 'CONCERNED' for Britain's fuel supply as prices SOAR and Trump weighs export BAN

Labour have expressed alarm over Britain's fuel supply after Donald Trump signalled he may implement a diesel export ban.

Petrol prices in Britain have soared by 11p in a month to £1.74 a litre, while diesel has risen 15p in a month, now sitting just below £2. Drivers have been warned diesel could hit £3 a litre in the coming weeks.

Britain has only 42 days worth of diesel supply, leaving it particularly exposed. Canada stocks more than 3 and a half years' worth, while Germany has more than a year's supply. Out of similar countries, only Australia has less diesel, at 31 days' worth.

Britain imports around half of its diesel and about a third of these imports come from the US. Donald Trump, vulnerable to political pressure ahead of the US midterms, is weighing up a diesel export ban to relieve price pressure on the domestic market.

Business Secretary Jonathan Reynolds said he was concerned.

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