Iceland Boss: No Fuel Duty Hike in September

0:00On April 3rd, Richard Walker, the boss at Iceland's supermarkets and the government's cost of living champ, is pushing hard for no fuel duty hike this. September, with Petra prices spiking from the Middle East mess, he wants that freeze extended to ease the pain at the pumps. The drama kicked off late February when US and Israel hit Iran, blockading the strait of Hormuz. That's the key route where one-fifth of the world's oil flows, and now global prices are through the roof. Stalking economies everywhere, drivers are feeling a bad, diesels jumped 30% to 185.2 pence per liter since the war started, and Petra was up. 16% to 154.5 pence, folks are scrambling as bills climb, Australia already slashed their fuel tax by 14 pence per liter to shield drivers, way more than the UK's old 5 pence cut from March 20, 22. The current freeze runs to September, but Chancellor Rachel Reeves planned gradual

1:00rises over five years after that. Prime Minister Keir Starmer says, though keep the September increase under review amid the conflict, while opposition parties pile on with ideas like, scrapping that on energy or fuel to fight the crisis, eyes are on what happens next at the pumps.