- New analysis reveals UK motorists have paid an additional £500 million for petrol and £1.5 billion for diesel in just over a month due to the Iran oil crisis.
- The RAC Foundation's analysis indicates these fuel price rises have also generated over £336 million in additional VAT for the Treasury.
- These figures are based on average daily pump price increases and last year’s fuel consumption rates.
- Steve Gooding, director of the RAC Foundation, highlighted that owners of diesel vehicles have been most affected, with commercial users likely passing on costs to customers.
- Despite a recent slight drop, the average price of petrol and diesel at UK forecourts remains 24p and 47p higher, respectively, than before the conflict.
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