Follow the Money: why is diesel so expensive?
Business Daily

Follow the Money: why is diesel so expensive?

B2Upper-intermediateOctober 12, 202617 min
  • Business & money

The war in the Middle East has pushed up crude oil prices this year and that's had a knock-on effect on the price of refined oil products like diesel. But after months of conflict, the Gulf's oil-producing nations are now getting most of their exports out, so why hasn't the price of diesel come down? And will it fall now that Donald Trump has reached a deal allowing Russia to export diesel again? The BBC's Sam Fenwick traces the journey of a barrel of oil from the Middle East to the petrol pump, looking at the rising costs along...

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B2 · Upper-intermediate

Comfortable if you already follow TV news

A1 29%A2 47%B1 16%B2 7%C1 1%
  • 92% of the words are B1 or easier.
  • 170 words a minute: natural, fairly fast speech.
  • 84 harder words (B2 and up) in the whole episode.

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0:00

This BBC podcast is supported by ads outside the UK. episodes twice a week. Find the Haunted Library wherever you get your podcasts. This is the sound of the most important fuel in the world, being bought at a price it's never been bought at before.

1:10

Diesel moves the lorries that stock your supermarket. The tractor's used to produce your food and the vans to deliver your parcels. In September, it hit record prices in the UK, in the United States, in Canada, Germany, France and Italy.

1:29

From this forecourt in Britain, filling up a family car with diesel now costs about $145. But here's what doesn't add up. The oil is moving again. Most of the crew that was trapped in the Gulf earlier this year is getting out. So why is diesel so expensive? And who's making money from it? Hello, I'm Sam Fenwick and this is Business Daily from the BBC World

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