Forecourt Trader - 30 years at the heart of the fuel retailing community

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
    Retail
  • Weekly
    wholesale
  • Daily
    Average
Weekly retail fuel prices: 12 November 2018
RegionDieselLPGSuper ULUL
East137.08139.69129.73
East Midlands136.60139.38129.02
London137.0265.40139.68129.22
North East136.4569.90142.07128.06
North West136.60138.23128.71
Northern Ireland135.0969.90137.92128.64
Scotland137.07136.04128.45
South East137.4666.90139.94129.99
South West136.7567.90139.46129.38
Wales136.47135.40128.21
West Midlands136.02140.93128.76
Yorkshire & Humber135.86140.71128.57

Most read

As Jet buys sites for the first time since selling its company owned network off in 2001, will this be part of a significant, growing trend for oil companies?

Calendar

See all events