UK motorists warned of fuel price rise

The AA has today confirmed that it expects UK fuel prices to increase over the next few months and break the previous record high of 121.61p a litre figure set in May this year. A five pence rise from the 117.7p a litre price at the moment would take the cost of fuel to new levels due to a mixture of increased demand, a rise in the oil price together with higher VAT payments coming in next year. All in all, it seems that yet again UK motorists are to be hit in the pocket at a time when few can afford the extra charge.

The cost of fuel in the UK is phenomenal compared to the vast majority of other countries around the world although the bulk of what you pay at the pumps is taken by the UK government in tax receipts. Even though the coalition authorities would prefer to reduce the price of fuel and bring motorists back on board, the government needs as much tax income as possible in the short to medium term to fund public services. Whether we will see a review of the tax situation regarding fuel prices in the medium to longer term remains to be seen but UK motorists always seem to be the first stopping off point for governments in need of further tax revenue.