In time honoured tradition, a number of tax/duty rises have been implemented meaning that, despite manufacturing costs dropping (due to the cost of oil being far lower than it was at the high point last year), the price that is currently being paid at the pump is now an average of 107.14p per litre. of petrol
Of course, this is bad news for us all when we’re in a recession, trying to scrape by on wages barely up from last year, or worse still frozen. I think perhaps the worst way in which we’re ripped off with fuel is that frequently you hear about the price of oil taking a tumble, yet so very rarely does the forecourt price go down. What does it do? Remain static for a little while then go up by another few pence.
I’m not a huge fan of green cars but at the rate we’re going we’ll all be migrating over to them as I can see the day not too far off when we’ll be paying £1.50 per litre of petrol and who knows how much for diesel! A simple solution would be to lower the amount of duty that we have to pay, but then the government can use the cost as an ‘environmental’ incentive when in actual fact it’s just another way to line the coffers.
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