War in Iran Costs UK Drivers £2B at Pumps

0:00On April 28th, UK drivers are shelling out an extra 2 billion pounds at the pumps because of the war in Iran, with that total hitting the mark by, tomorrow night. A study from the RAC Foundation crunched the numbers from February 28th when the conflict kicked off and found pump prices have rocketed. Costing folks 1.92 billion pounds just last night, prices dipped a bit lately, one penny per liter for petrol, and 2.5 pence for diesel. But they're still way up, making a 55 liter tank, 13 pounds pricier for petrol and 26 pounds more for diesel compared to pre-war levels. Global oil's climb back over $110 a barrel, hitting $112.70 today, with a straight-of-hormouse shut. Down. Diesel drivers got slam-partist, footing nearly 1.5 billion pounds of that bill, and everyday budgets are taking a real hit as fuel eats, into spending cash. Families and businesses feel at most when shocks like this, post COVID, Ukraine, now Iran,

1:03pile on one after another. The government's raking in a $330 million VAT windfall from these higher prices, but Chancellor Rachel Reeves is pushing ahead, with a fuel duty hike on September 1st. That a reverse, a 5 pence cut from 2022, adding about 3 pounds to the average fill-up, despite calls to scrap it. No quick relief in sight as crude stays sky high, but officials blamed the war, not their policies, and say they've extended that 5 pence cut while, hoping for de-escalation to ease the pump pain.