UK fuel prices have soared to new record highs, with the average cost of a litre of diesel rising to £1.61, with no end in sight for spiralling pump costs
RAC fuel spokesman Simon Williams said:"These hikes are unprecedented and will sadly be hitting both homes and businesses hard.
"Importantly, this could also limit the impact of inevitable fuel price rises in the coming days and weeks."VAT is currently charged at a rate of 20% on petrol and diesel. Its founder, Howard Cox, called on Rishi Sunak to cut fuel duty and take a series of additional actions as the Treasury benefits from the surging prices.
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