Fuel price crisis sees petrol and diesel drivers charged £2billion extra since start of Iran war
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Fuel price crisis sees petrol and diesel drivers charged £2billion extra since start of Iran war.
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Drivers have been slapped with an extra £2billion in fuel costs since the start of the Iran war as petrol and diesel prices continue to remain expensive.New analysis shows that soaring fuel prices have contributed to motorists paying £500million extra for petrol and a staggering £1.5billion in diesel costs.While drivers have suffered from high costs at the pumps, the Treasury is estimated to have received £336million in extra VAT revenue.The data, from the RAC Foundation, has been collated using average daily pump prices and last year's fuel consumption rate.
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TRENDING Stories Videos Your Say Research from RAC Fuel Watch shows that prices remain high, with petrol drivers paying 157.08p per litre, while diesel costs 188.86p.Despite the high costs, the RAC forecasts that petrol and diesel prices, including premium fuels, should fall in the near future.When buying a litre of petrol or diesel, 20 per cent of the cost is VAT, while fuel duty and the wholesale price also play a role.Steve...
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