Highway Robbery
Motorists across the country are feeling the pinch as fuel prices skyrocket following the war in Iran. The most recent data from the RAC shows that since the war began, average petrol prices have risen by 6.81p to 139.64p a litre. Diesel has increased by 14.81p to 157.19p, and these prices are likely to go higher. Spare a thought too for rural dwellers dependent on heating oil, who have seen their prices jump by an even higher proportion. Some have been quick to condemn retailers for profiteering, failing to realise that over half the pump price is now made up of tax. Though much lower than on petrol or diesel, tax on kerosene for heating still makes up around 20% of the purchase price. The answer to lower prices is exactly the same today as it was two weeks ago: lower taxes and a government willing to back greater domestic energy production rather than standing in its way. If ministers were serious about shielding motorists and households from global shocks, they would stop bloc...