Tag: fuel duty

UK Chancellor Not Ruling Out Spring Hike on Fuel Duty

November 18, 2022
fuel dutyUKWorld
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The UK’s finance minister said no decisions were made on fuel duty after the government’s budget watchdog said a “planned” hike would raise petrol and diesel prices by 12 pence a litre in spring 2023. Conservative MP Jonathan Gullis told Chancellor of the Exchequer Jeremy Hunt that an increase in fuel duty would be “opposed by…

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UK Petrol Drivers Still Getting ‘Raw Deal’ Despite Record Fall in Pump Prices: RAC

September 5, 2022
Business & Marketseconomyenergyfuel dutyinflationpetrol pricesUKWorld
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Drivers of petrol vehicles continue to get a “raw deal” despite a record monthly drop in pump prices, according to a new analysis by the RAC. The British automotive services company said on Monday that the new prices “remain a long way off” what it believes to be fair. According to the RAC Fuel Watch analysis, the…

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Next UK Prime Minister Urged to Slash Fuel Duty Amid Soaring Inflation

August 25, 2022
Business & Marketseconomic policieseconomyenergyfuel dutyinflationInvestmentUKWorld
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The inboxes of the UK’s two Conservative Party leadership candidates have been flooded with e-petitions urging them to slash fuel duty immediately by 25 pence per litre, according to FairFuelUK. The advocacy group for drivers said since it started the campaign on Sunday, more than 20,000 emails have been sent to Liz Truss and Rishi Sunak, who are vying…

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UK Competition Watchdog Launches Probe Into Petrol and Diesel Prices

July 8, 2022
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The UK’s competition watchdog launched a market study into road fuel on Friday to understand how to bring down retail prices of petrol and diesel. It comes as petrol prices in June saw the biggest monthly hike in 22 years. The Competition and Markets Authority (CMA) said the study will give it more detailed insight into…

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