What Rachel Reeves could do to help stop the UK’s spiralling fuel prices

• Diesel prices in the UK have reached their highest level since December 2022, hitting 181.2p per litre, with petrol averaging 152.0p.
• The surge in fuel costs is primarily attributed to soaring oil prices, influenced by Iran's control over tankers passing through the Strait of Hormuz.
• The Chancellor, Rachel Reeves, is facing mounting pressure to abandon a planned fuel duty increase in September, with campaigners criticising the government for treating British drivers as a 'cash cow'.
• Campaigners highlight that European countries such as Greece, Hungary and Germany have implemented measures like profit margin caps and price rise limits to shield consumers from escalating fuel costs.
• High diesel prices are significantly impacting businesses and contributing to inflation, leading Sir Keir Starmer to schedule meetings with energy, shipping, and banking firms to discuss the economic repercussions of the conflict.

IN FULL

Reeves urged to follow Europe’s example and protect consumers amid spiralling fuel prices