Latest UK Fuel Hike £1.20 per Litre

[Disco_Destroyer]

I had heard this on or around New Years Eve in my local garage but took it with a pinch of salt, hmm and was expecting it earlier to be honest.

£1.20 a litre... Who the hell do they think they are???

http://www.facebook.com/group.php?gid=373479349850&ref=mf




This breakdown of the price of petrol is based on the assumption of a £1 per litre of petrol.



... See more
* Petrol Fuel Duty - 48.35p



* VAT (17.5%) - 14.9p



* Refinery Petrol Costs - 31.75p



* Forecourt Costs - 3p



* Forecourt Profit - 2p

This means that the forecourt is 5%, the oil cost is ~32% and taxation ~63% of the total cost

[Disco_Destroyer]

Brace yourself for 2010 fuel hikes, warns PRA
http://www.contracthireandleasing.com/car-leasing-news/index.php/2010/ 01/06/brace-yourself-for-2010-fuel-hikes-warns-pra/

Motorists are being warned to brace themselves for a possible 10 pence per litre hike in fuel prices by the end of the year.

In a report from the Petrol Retailer’s Association (PRA) it is predicted that the cost of fuel could rise 5 pence per litre by the end of the first quarter alone in 2010.

The return of the VAT rate back to 17.5 per cent on January 1 is alone responsible for a New Year headache equating to 2.5 ppl (pence per litre) increase.

With a further increase in fuel duty set for April 1, fuel will increase by another penny. On the same date, the Government is also withdrawing its Duty incentive to refiners for the production of biofuel. The resulting Duty increase will therefore be passed on to consumers in the form of a second forecasted 1ppl rise at the pumps.

Because the Government needs to raise taxation to reduce the country’s budget deficit it could move to increase the VAT rate to 20 per cent, this would add a further 2.5ppl to the price of fuel. There is also the possibility of a snap budget post election which could lead to a fuel Duty hike of 2ppl in the autumn.

Brian Madderson, Chairman of the Petrol Retailers Association, said: “2009 has been a tough year for consumers and we are now looking at an even tougher year ahead. The predicted 10ppl rise does not take into consideration any increase in the world oil price which is also a possibility and could add another 3 to 5ppl to forecourt inflation. With pump prices averaging 108ppl for Unleaded and 110ppl for Diesel in the lead up to Christmas, we might well see pump prices in the second half of 2010 in the range 120 to 125ppl; setting record highs.

“It is going to be a tough year for both consumers and independent petrol retailers in 2010 and both are really going to feel the squeeze. RMI Petrol will be actively lobbying Government to minimise the tax increases in order to protect the vulnerable rural filling stations and maintain the momentum of any economic recovery.

“Brace yourselves for higher fuel costs ahead.”

Author: Faye Sunderland, January 6, 2010




UK News :: Fuel tax hike sends tankful up another £1 - Breaking news from around the UK

http://www.dailyexpress.co.uk/posts/view/89925

[fish5133]

Gotta pay for the war and MPs expenses somehow or other. Unfortunately we dont have the collected will as a nation to fight it. The lorry drivers had a go at expense to themselves and inconvenience to the public . Doesnt seem to be an item in the political arena so we cant vote for cheaper fuel.
We will become a nation of moped riders

[Disco_Destroyer]

Yup I heard the Farmer who started the 1st blockade last time the threat came up was told he'd be hit with a 20 year prison sentence. It may well be on this forum somewhere

[Disco_Destroyer]

Petition to:
Reduce Petrol Costs In UK
This petition is now closed, as its deadline has passed.

We the undersigned petition the Prime Minister to Reduce Petrol Costs In UK. More details

Submitted by Mr.DaneChisholm – Deadline to sign up by: 06 June 2010 – Signatures: 568

More details from petition creatorThe fuel prices have flew up over past months and just keep rising, but are you thinking of the police force, fire fighters and ambulance drivers? also delivery drivers, all of these people will be getting hit with £1.29 MAX a litre which i think is shocking! some people cannot afford too keep their cars on the road Please Prime minister reduce Fuel Costs in GB

http://petitions.number10.gov.uk/PDCost/

Government responseThe existing rates of fuel duty and the rates applicable through to January 2011 were set and legislated for by the previous Government. Under plans the coalition Government has inherited fuel duty is scheduled to rise by one pence per litre above indexation each year thereafter until April 2014.

It is necessary to implement these increases as dealing with the budget deficit is the single greatest economic challenge this Government faces. Unavoidably, tough decisions are required, but underpinning the Government’s approach is a commitment to fairness. The Government has been clear that the burden of deficit reduction will have to be shared, but the most vulnerable in our society will be protected.

http://www.hmg.gov.uk/epetition-responses/petition-view.aspx?epref=PDC ost