FairFuelUK has renewed its call for a cut in fuel duty, pointing out that the Treasury is currently receiving a windfall from the record high prices for petrol and diesel.
Nearly seven-in-10 drivers (69%) want to see government intervention over the record high prices of petrol and diesel, according to a new RAC survey.
The average prices of both petrol and diesel hit new record highs in October, after rising by nearly 7.5ppl and 8ppl respectively, with RAC Fuel Watch blaming the supermarkets for driving the “enormous retail price jumps”.
The health of the European refined products market is steadily improving as vaccine roll-outs continue to gather pace and demand slowly returns, but plenty of hurdles remain before the industry can breathe a sigh of relief.
Low refinery runs and firm export demand have tightened European road fuel supply this winter, even as strict Covid-19 travel restrictions returned. European refineries responded to the return of Covid restrictions by slashing runs on an unprecedented level.
Fuel prices - January 2021
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