UK petrol and diesel drivers forking out £4billion in extra fuel costs since start of Iran war

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UK petrol and diesel drivers forking out £4billion in extra fuel costs since start of Iran war.

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War in Iran has cost drivers in the UK £4billion as a result of soaring oil prices, which have made their way to petrol and diesel pumps across the country.New research shows that price hikes at the pumps since the start of the conflict in the Middle East have seen motorists fork out billions of pounds in additional costs.Data from the RAC Foundation estimates that drivers have paid £1billion more for petrol and a staggering £3billion for diesel.This is compared with average daily pump price rises between February and June, with last year's fuel consumption rates.

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TRENDING Stories Videos Your Say The Treasury is estimated to have received an additional £670million in VAT receipts from higher prices at the pumps.Road fuel has a VAT rate of 20 per cent on top of the price of the product and fuel duty, which is currently levied at 52.95p per litre.Prime Minister Sir Keir Starmer confirmed in May that the Government would extend the freeze on fuel duty until 2027, which was set to be...

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