Oh Dear NOT AGAIN 
Motorists hit AGAIN as Government tax grab adds a record 15p a litre to the price of petrol
By Daily Mail Reporter
Last updated at 2:32 AM on 30th December 2009
Comments (88) Add to My Stories Motorists are being warned to brace themselves for a 15p a litre increase in petrol that will push up pump prices to record highs.
It will see the cost of a litre of unleaded soar from 108p to 123p – or nearly £5.60 a gallon.
Petrol will rise by 5p a litre by the spring and 10p by the autumn as the cash-strapped Government raises taxes from motorists to pay off its massive debts, said the Petrol Retailers' Association.
Motorists are feeling the pinch again as the cash-strapped Government increases fuel taxes
Among the tax changes planned or predicted are increases in VAT and fuel duty, the ending of the duty incentive to refiners for the production of biofuel, and tax increases in a snap post-election Budget On top of the tax rises, Britain's 33million motorists are also likely to face rises of up to 5p a litre due to increases in market costs.
Taken together that will mean a 15p rise in the cost of a litre of petrol – equivalent to 68p a gallon.
Diesel will rise from 110p to 125p a litre, said the association.
Unleaded hit a record 119.7p a litre in July 2008 after oil peaked at around $147 a barrel. It is currently trading at around $79 a barrel.
The tight profit margins for retailers would force up to 750 filling stations to close this year – 50 per cent above the recent rate of about 500 a year – hitting many rural sites on which country dwellers depend.
Brian Madderson, chairman of the Petrol Retailers' Association, which represents 6,000 of the UK's 9,000 filling stations, said: 'The Government is desperate for cash and motorists are an easy tax target. It will mean motorists paying record levels for their fuel.
'2009 has been a tough year for consumers and we are looking at an even tougher year ahead.'
The AA revealed recently how motorists are facing a postcode lottery of petrol prices – with drivers living farthest from a price cutting supermarket paying up to 5p a litre more.
Print this article Read later Email to a friend Share this article: Digg it Del.icio.us Reddit Newsvine Nowpublic StumbleUpon Facebook MySpace Fark Add your comments Comments (88)Here's what readers have had to say so far. Why not add your thoughts below, or debate this issue live on our message boards.
The comments below have not been moderated.
Newest Oldest Best rated Worst rated View all Time to get out the bus pass .......
- rob, chesham, bucks, 30/12/2009 09:20
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- Martin, Southwest England, 30/12/2009 08:55
I already did. I knew Britain was going to get worse but I didn't expect it to become as bad as it today. In the fairly recent past a million Australian dollars was worth about 330,000 pounds it is now worth 560,000 pounds.
Most other currencies have gained value against the pound in much the same way. Britain is in a parlous condition. My suggestion is don't wait because it cannot get any better due to massive debts. Brown will go but Cameron will be faced with trying to clear the mess up. When he says it is worse than he thought for once I will believe that is the truth. The solution is don't be there for them. Life is to be lived.
- Michael, Sydney Australia, 30/12/2009 09:19
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For too long now the British motorist has been the milch cow for this Government. Need more money to spend on ridiculous schemes, then more tax on petrol. Need money to pay our cost of being in Europe, tax the motorist again, need money to get back some of the costs involved in saving the Banks, and so it goes on. Little money seems to be spent on better roads, safer motorways and the like while the motorist faces increased petrol costs, higher insurance premiums and higher road tax. Enough is enough.
- Grace Ingra
Read more: http://www.dailymail.co.uk/news/arti...#ixzz0bA8mdmIe
Motorists hit AGAIN as Government tax grab adds a record 15p a litre to the price of petrol
By Daily Mail Reporter
Last updated at 2:32 AM on 30th December 2009
Comments (88) Add to My Stories Motorists are being warned to brace themselves for a 15p a litre increase in petrol that will push up pump prices to record highs.
It will see the cost of a litre of unleaded soar from 108p to 123p – or nearly £5.60 a gallon.
Petrol will rise by 5p a litre by the spring and 10p by the autumn as the cash-strapped Government raises taxes from motorists to pay off its massive debts, said the Petrol Retailers' Association.
Motorists are feeling the pinch again as the cash-strapped Government increases fuel taxes
Among the tax changes planned or predicted are increases in VAT and fuel duty, the ending of the duty incentive to refiners for the production of biofuel, and tax increases in a snap post-election Budget On top of the tax rises, Britain's 33million motorists are also likely to face rises of up to 5p a litre due to increases in market costs.
Taken together that will mean a 15p rise in the cost of a litre of petrol – equivalent to 68p a gallon.
Diesel will rise from 110p to 125p a litre, said the association.
Unleaded hit a record 119.7p a litre in July 2008 after oil peaked at around $147 a barrel. It is currently trading at around $79 a barrel.
The tight profit margins for retailers would force up to 750 filling stations to close this year – 50 per cent above the recent rate of about 500 a year – hitting many rural sites on which country dwellers depend.
Brian Madderson, chairman of the Petrol Retailers' Association, which represents 6,000 of the UK's 9,000 filling stations, said: 'The Government is desperate for cash and motorists are an easy tax target. It will mean motorists paying record levels for their fuel.
'2009 has been a tough year for consumers and we are looking at an even tougher year ahead.'
The AA revealed recently how motorists are facing a postcode lottery of petrol prices – with drivers living farthest from a price cutting supermarket paying up to 5p a litre more.
Print this article Read later Email to a friend Share this article: Digg it Del.icio.us Reddit Newsvine Nowpublic StumbleUpon Facebook MySpace Fark Add your comments Comments (88)Here's what readers have had to say so far. Why not add your thoughts below, or debate this issue live on our message boards.
The comments below have not been moderated.
Newest Oldest Best rated Worst rated View all Time to get out the bus pass .......
- rob, chesham, bucks, 30/12/2009 09:20
Click to rate Rating (0) Report abuse
- Martin, Southwest England, 30/12/2009 08:55
I already did. I knew Britain was going to get worse but I didn't expect it to become as bad as it today. In the fairly recent past a million Australian dollars was worth about 330,000 pounds it is now worth 560,000 pounds.
Most other currencies have gained value against the pound in much the same way. Britain is in a parlous condition. My suggestion is don't wait because it cannot get any better due to massive debts. Brown will go but Cameron will be faced with trying to clear the mess up. When he says it is worse than he thought for once I will believe that is the truth. The solution is don't be there for them. Life is to be lived.
- Michael, Sydney Australia, 30/12/2009 09:19
Click to rate Rating (0) Report abuse
For too long now the British motorist has been the milch cow for this Government. Need more money to spend on ridiculous schemes, then more tax on petrol. Need money to pay our cost of being in Europe, tax the motorist again, need money to get back some of the costs involved in saving the Banks, and so it goes on. Little money seems to be spent on better roads, safer motorways and the like while the motorist faces increased petrol costs, higher insurance premiums and higher road tax. Enough is enough.
- Grace Ingra
Read more: http://www.dailymail.co.uk/news/arti...#ixzz0bA8mdmIe
hope the mpg readout on me cars no good.
(just need the RS2 Airbox)
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