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UK Finance: April Fuel Increase

John Williams - Wednesday 01.04.09, 12:00pm

180px-pietowngaspumpspickupAngry consumers and motoring organisations have lashed out at the government over the increase in fuel duty implemented today, adding over 2p per litre to petrol and diesel.

The increase was announced back in November in the pre-budget report and follows a similar increase in December 2008 that had been deferred from April 2008 when global oil prices were at their peak.

The AA President Edmund King denounced the increase saying “These April Fuel increases are no joke” suggesting that increases in this and other taxes will ultimately dent consumer confidence and undermine the UK’s economic recovery, “Taking an extra pound off drivers each time they fill up their fuel tank is a pound taken away from high street and leisure spending that would help revive the economy,” he added.

The Freight Transport Association (FTA) has voiced fears that the increase could result in more hauliers going out of business, a sector that has already been hit hard by the inflated oil charges during last year.

It’s a disgusting thought, but in the UK, every time we fill our vehicles with fuel we are now contributing 71% of the cost direct to the Chancellor in taxes!

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Tags: Finance News · Tax and Duty · UK economy


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