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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
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Weekly retail fuel prices: 18 March 2019
RegionDieselLPGSuper ULUL
East Midlands130.41132.10120.99
North East129.47134.52119.63
North West129.89131.08120.36
Northern Ireland128.4464.90126.23119.33
South East131.14134.22122.06
South West130.59131.37121.41
West Midlands130.2569.90135.09120.96
Yorkshire & Humber129.66133.59120.01

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