UK petrol prices could rise 15p a litre in 2010
The Petrol Retailers Association has set the cat amongst the pigeons with a suggestion that UK petrol could rise by up to 15p a litre purely and simply because of tax changes and a continuing upward trend in the price of oil. Aside from the fact that the VAT has now returned back to 17.5% there is further speculation we could see an increase to 20% after the election. The government is also set to introduce a fuel duty of at least 1p a litre which will be counted by the withdrawal of tax breaks for the biofuel industry.
The need to increase government income in the short to medium term has again led to the authorities attacking motorists in the UK. The cost of motoring in this country has increased significantly over the last decade even when you strip out the volatile oil price which has obviously had an impact upon the price of petrol. Motorists today are sick and tired of being used as the government's "cash cow" and there is a growing revolt amongst car owners across the country.
If we do see an increase in tax on petrol there is every chance we will see a return to strikes and pickets across the country with motoring associations set to fight back. However, in reality the need to increase government income in the short to medium term supersedes any potential negative comment or feedback from motorists.
Share this..
Related stories
Controlling household bills
There is no home in the UK which has escaped the aftermath of the credit crunch and the recession and many people have slipped into financial trouble during the last two years. This is a situation which is becoming critical for many people who are struggling to obtain finance and seeing their debts creeping higher and higher. So how can we control our household bills? In reality the vast majori...
Read MoreWho will benefit from the so-called retail VAT freeze?
There is confusion and misinformation in the UK retail market this morning with allegations that the VAT freeze announced by a number of large retailers in the UK may not be as beneficial to UK consumers as it first looked. Allegations that a number of companies have increased the price of many products ahead of the "VAT freeze" have hit the headlines today although these are unsubstantiated claim...
Read MoreOvercharged Brits urged to study household bills
Britons have been urged to scrutinise their household bills, in the wake of a study showing that millions of consumers have been overcharged for services. In a poll conducted by price comparison site Moneysupermarket.com, 34 per cent of respondents said they have found a mistake in their bill over the last 12 months.However, despite the evidence of errors in their billing, 50 per cent are failing...
Read MoreDoes the price of petrol fully reflect the price of oil?
Over the last few months it has become apparent that the average price of a litre of petrol in the UK has stagnated somewhat despite the fact that the wholesale cost of petrol has fallen by around two pence a litre. This comes at a time when UK motorists are being hit from all angles with increased road tax, insurance premiums and now a seemingly ever upward spiral in the price of petrol. The UK g...
Read MoreTrading standards officers highlight short measures
Trading standards officers in Birmingham have highlighted that in their opinion 9 out of 10 pints they tested in the Birmingham area were in effect short measures. They found that the average pint was 3.94% short which equates to around £400 million in additional revenue (if replicated across the UK) which UK drinkers are paying for drink which they do not receive. Indeed one "pint" was said to b...
Read More