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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."

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Weekly retail fuel prices: 12 November 2018
RegionDieselLPGSuper ULUL
East Midlands136.60139.38129.02
North East136.4569.90142.07128.06
North West136.60138.23128.71
Northern Ireland135.0969.90137.92128.64
South East137.4666.90139.94129.99
South West136.7567.90139.46129.38
West Midlands136.02140.93128.76
Yorkshire & Humber135.86140.71128.57

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