Fuel duty hike ‘might stop UK bouncing again’, campaigners warn


Fuel duty hike ‘might stop UK bouncing again’: Campaigners warn Rishi Sunak any improve in levy would put ‘unprecedented’ pressure on household funds

  • Rishi Sunak is rumoured to be contemplating a gas duty increase of as much as 5p per litre
  • Fuel duty has been frozen at 57.95 pence per litre for petrol and diesel since 2011 
  • However common petrol costs have now soared 7.5p per litre since December alone 

Rishi Sunak confronted rising calls to not increase gas duty final evening because it emerged the price of filling up has surged £4 in two months.

Common petrol costs have soared 7.5p per litre since December, including £4.13 to the price of filling up a 55-litre household automotive, an AA report revealed.

At present, it prices £67.01 to fill a petroleum automotive and £68.70 for diesel.

Mr Sunak is rumoured to be contemplating a increase of as much as 5p per litre in subsequent month’s Funds to assist get the general public funds beneath management

Separate evaluation by the RAC warned gas costs might surge by greater than 20p per litre to a file excessive subsequent yr if international oil costs proceed to rise.

It comes after 14 consecutive weeks of value rises on the pumps.

Final evening, motoring teams and campaigners warned any additional rises from a gas duty improve would put ‘unprecedented’ monetary strain on already hard-pressed households who shall be utilizing their automobiles extra within the months forward as Britain begins opening up after lockdown.

The Mail additionally revealed on Wednesday how MPs warned an increase within the levy might ‘devastate’ the haulage trade by including as much as £2,250 to lorry drivers’ annual gas invoice.

Fuel duty has been frozen at 57.95 pence per litre for petrol and diesel since 2011.

However Mr Sunak is rumoured to be contemplating a increase of as much as 5p per litre in subsequent month’s Funds to assist get the general public funds beneath management.

Separate analysis by the RAC warned fuel prices could surge by more than 20p per litre to a record high next year if global oil prices continue to rise [File photo]

Separate evaluation by the RAC warned gas costs might surge by greater than 20p per litre to a file excessive subsequent yr if international oil costs proceed to rise [File photo]

A 5p improve would add an additional £2.75 to the price of filling a typical 55-litre tank.

The RAC’s gas spokesman Simon Williams mentioned: ‘With the Funds now lower than two weeks away, the very last thing drivers – and probably the financial system – want is a gas duty improve.

‘A hike in duty at a time of rising gas costs might put unprecedented strain on lower-income households and might need the adverse impact of forcing everybody who relies on their automobiles to contemplate reducing again on different spending.’

The AA’s Luke Bosdet mentioned: ‘There’s going to be an actual sense of being beneath assault for needing to drive a automotive. The bonus that the gas commerce is giving itself is simply a part of the monetary strain prone to be heaped on drivers – significantly these on decrease incomes.’

The AA report found average pump prices this week hit nearly 122p per litre for petrol and 124.91p for diesel – prices last seen before the pandemic [File photo]

The AA report discovered common pump costs this week hit practically 122p per litre for petrol and 124.91p for diesel – costs final seen earlier than the pandemic [File photo] 

The AA report discovered common pump costs this week hit practically 122p per litre for petrol and 124.91p for diesel – costs final seen earlier than the pandemic. 

This was up by 3p for each in a month – and seven.5p for petrol since early December when common costs had been round 114.5p per litre.

The surge has been fuelled by a hike in international oil costs that rose by 20 US {dollars} (£14.34) a barrel during the last three months to $64 (£46) this week.

By the tip of this yr, RAC evaluation predicts oil costs might hit $80 (£57.36) a barrel and imply common petrol costs hit 130p per litre and 134.5p per litre for diesel.

That might add an additional £4.40 to filling up a 55-litre petrol automotive and £5.20 for diesel.

Analysts additionally warned common petrol costs might subsequent yr hit 143p per litre and 148p per litre for diesel – an all-time file and the very best since 2012.

Might charging an electrical automotive price as a lot as filling up with petrol? 

They could also be touted as an eco-friendly various to petrol automobiles. However relating to price effectivity, charging an electrical automotive might price practically as a lot as filling a petroleum tank.

Drivers face prices of as much as £41 to cost an electrical automotive in some components of the nation, in line with new analysis.

The research, carried out by What Automotive? journal, discovered that charging an electrical automotive battery from 10 per cent to 80 per cent price as a lot as £40.66 at some public plug-in factors. That is nearly six instances what it could price to cost the identical automotive at dwelling – a typical value of £7.25.

And it’s not far off the approximate £46 spent on filling 70 per cent of a household automotive’s 55-litre petrol tank.

The costliest road-side cost factors had been present in London, the place drivers face big sums if they’ll’t cost their electrical automotive at dwelling.

But costs had been additionally discovered to range broadly with some public charging factors costing as little as £9.32.

 

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