Iran oil crisis ‘costs UK drivers £2 billion’ in just over a month

• 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.

IN FULL

Cost of Iran oil crisis on millions of UK drivers reaches ‘unwelcome milestone’