The Chancellor turned his back on the road transport industry in the Budget, announcing August’s 3.02ppl increase in fuel duty will stay. MT takes a look at the economic case against this decision. The price of bulk diesel has climbed 18.9% in the past 18 months, to reach a record high of 117ppl. Meanwhile, companies have continued to go to the wall, with Hull-based AR Lunn the latest failure. Predictably, rising fuel costs were a main reason why 115 employees […]
The Office of Fair Trading (OFT) has been branded ‘complacent’ and accused of carrying out a ‘continued whitewash’ after insisting that its study last year of the UK fuel market yielded no credible evidence of any market manipulation.
A cross-party group of MPs joined FairFuelUK (FFUK) and its backers today, to deliver a letter to 10 Downing Street calling for a 3ppl reduction in fuel duty in next week’s Budget.
It has emerged that the Treasury’s plan to extend the existing island fuel rebate scheme to parts of mainland UK may not result in the same 5p/litre rebate enjoyed by those already in the scheme.