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
Tesco expected to beat City forecasts
Tuesday will see results from Tesco which are expected to beat City forecasts and confirm that the group saw sales grow by 3% over the festive period. While beating analyst forecasts in the current economic climate is no small achievement, it is becoming more and more apparent that Tesco is falling behind the likes of Sainsbury, William Morrison and Asda, at least over the festive period. So are w...
Read MoreCutting back on your household bills
While the cost of living in the UK peaked in the middle of 2008 it is still substantially higher than 12 or 24 months ago. There is still a need to cut back on your domestic bills as much as possible including electric and heating. By simply switching off your electrical appliances at the plug when not in use you can make significant savings in any one calendar year. Heating is also a situation wh...
Read MoreToyota UK repairs will take up to 1 month
Toyota has this morning revealed that 180,000 new accelerator pedals have arrived in the UK to rectify issues identified in some Toyota vehicles. It is believed that the company has the capacity to fix 6,000 cars a day through its 208 service centres with each individual case taking no longer than 30 minutes to complete. While the issue should be fully rectified within the month it may take longer...
Read MoreIs the UK energy market under regulated?
Despite the fact that the regulatory powers of Ofgem, the energy market regulator, had been "beefed up" over the last few months, there are growing concerns that the UK energy market is under regulated. This comes at a time when UK energy companies are expected to announce record profits with estimates that the top six will announce combined profits of £4.5 billion against £3.9 billion a year be...
Read MoreAverage energy bill set to hit £200 in January
Experts are predicting that the average energy bill in the UK will hit a record £200 in January with thermostats turned up and central heating switched on for longer. This is the price of the cold snap which the UK is currently going through and is set to hit the older generation much harder. When you also consider that there is serious concern about the supply of gas to the UK, let alone the...
Read More