Petrol Prices Surge: £600M Extra Cost

0:00On April 2nd, petrol prices jumped 20 pence per liter in March, the biggest monthly surge ever, while diesels shot up a whopping 40 pence. For a typical 55 liter family car tank, that meant 11 pounds more for petrol and 22 pounds extra for diesel between March 1st and 31st. All this amid the Iran war kicking off on February 28th. These spikes beat the early increases from Russia's Ukraine invasion back in 2022, though overall prices haven't topped those peaks yet. The real trigger was Iran's blockade of the Shred of Hormuz, choking off oil supplies to the west and sending costs through the roof right before, Easter road trips. Drivers sheld out nearly 600 million pounds extra nationwide compared to pre-war levels, with Chancellor Rachel Reeves pocketing about 1. Hundred million in surprise VAT cash. Families and businesses are filling the pinch hard, especially with 8 and 10 folks relying on their car's daily and delivery firms passing costs.

1:02Straight to shoppers. Experts from the AA and RAC are urging smoother driving drop speed by 10% to boost efficiency and save up to 10 pounds per diesel tank, without lagging traffic. But labor's holding firm on a planned 5 pence per liter fuel duty rise this September, despite calls to scrap it amid the VAT windfall. As prices threaten the climb higher into spring, savvy drivers are adapting on the fly, but the pressures mounting for real relief at the pumps.