The average price of a litre of diesel has hit a new record high, according to the AA
While rising prices add to inflationary pressures for motorists, it erases margins by adding to costs for businesses - costs that are then likely to be passed on in the supply chain.
"While the wholesale price has eased in the last few days this is likely to be temporary, especially if the EU agrees to ban imports of Russian oil.March: Fuel duty cut by 5p per litre "Had Mr Sunak reduced VAT to 15% as we call on him to do instead of cutting duty by 5p, drivers of diesel vehicles would be around 2p a litre better off, or £1 for every full tank.
The RAC issued its plea as the chancellor comes under mounting pressure to act more widely in support of both consumers and businesses.
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