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PRA meets minister to press its case for 2ppl cut in duty

02 February, 2015
Page 4 

The PRA has met with the Exchequer secretary Priti Patel to press its case for a 2ppl cut in fuel duty funded by a tax windfall from the increased fuel volumes.

At the meeting the PRA provided an analysis of Government data showing the overall volume of road fuels supplied increased by 1.6% to the end of September. If this trend continues, an extra 400m from excise duty would be produced.

PRA chairman Brian Madderson said: "The Prime Minister and Chancellor have recently pressed oil companies and retailers to reduce fuel prices on the back of plunging crude costs as 1 per litre comes ever closer. However, at this level, it exposes the fact that 75% of the pump price is Government tax.

"Far from being damaging, such a cut would be tax neutral and further stimulate the economy and job prospects."

  • Weekly
  • Weekly
  • Daily
Weekly retail fuel prices: 22 January 2018
RegionDieselLPGSuper ULUL
East Midlands124.75131.78121.94
North East124.37133.80121.50
North West124.5460.30132.09121.70
Northern Ireland123.92128.95121.46
South East125.4764.57133.20122.86
South West125.1569.90131.80122.39
West Midlands124.0360.90133.21121.46
Yorkshire & Humber124.27133.45121.33

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