MSE News: Fuel duty hike may be scrapped

edited 30 November -1 at 1:00AM in Motoring
23 replies 2.5K views
MSE_GuyMSE_Guy MSE Staff
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edited 30 November -1 at 1:00AM in Motoring
This is the discussion thread for the following MSE News Story:

"The Government has come under pressure as the cost of a litre of unleaded soared to almost £1.30 ..."
Read the full story:
Fuel duty hike may be scrapped


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Replies

  • I was reading this on sky news this morning.

    However.. in the grand scheme of things it's only a penny increase, we need that fuel stabiliser in way before March..
    :exclamatiTo the internet.. I need to complain about something!
  • I agree on the fuel stabiliser issue, but what is the pricing threshold they set it at? The current 130ppl, or something that will net them less like 99ppl?

    If they set it at 130ppl we'll be paying that forever, they need to get fuel down to the £1 per litre mark to make the difference everyone wants. Personally I think we're gonna get ripped off either way lol
  • I agree on the fuel stabiliser issue, but what is the pricing threshold they set it at? The current 130ppl, or something that will net them less like 99ppl?

    If they set it at 130ppl we'll be paying that forever, they need to get fuel down to the £1 per litre mark to make the difference everyone wants. Personally I think we're gonna get ripped off either way lol

    Indeed, I've actually been contemplating getting an LPG kit installed on my and my OH's cars!
    :exclamatiTo the internet.. I need to complain about something!
  • Percy1983Percy1983 Forumite
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    I love my bus pass more everyday, it seems petrol costs more everytime I fill up, but that might be because it can 6 weeks between visits.

    As mentioned we will pay it whaever happens, a stabiliser could work against us, but as with any tax decrease the question is, what other tax will they raise to fill the gap.
    Have my first business premises (+4th business) 01/11/2017
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  • michaelsmichaels Forumite
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    But is there a gap to be filled - surely the govt revenue figures are based on a certain oil price - if the oil price goes up by 5p per litre they then tak in an extra 1p per litre in VAT at 20% and thus presumably exceed their revenue targets. Surely it would not be to hard to say that for this year we predict an average price of 1.15 per litre so if the price increases to 1.25 we will reduce the duty by 2p per litre to keep the tax take constant - of course the reverse would occur if the price fell to 1.05, the govt would increase duty by 2p per litre again to acheive a constant tax take.

    Only cancelling out 17% of any increase / decrease isn't as much as most would like but it would still help.
    I think....
  • spencer88spencer88 Forumite
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    The last time we saw fuel as near to this price, oil was at $150 a barrel.
    Funny how it is now only at $90 a barrel and we are paying more?
  • davidjwestdavidjwest Forumite
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    Scrap Trident, saving £20Bn and reduce fuel duty so it's down around the £1 mark for a litre. I may start my own political party with that as our manifesto, plus taxing bankers bonuses at 75% or so.

    Who's with me, bring on the revolution brothers and sisters!

    :)
    :A
  • I am seriously considering an electric car. I can then use my diesel car for long jurneys only and use electric for daily commutes.
    There is going to be a number of electric cars released this year with goverment grants/subsidies to make them affordable.

    In the space of 1 year the fuel price has increased by about 25p a litre.
  • kolin_2kolin_2 Forumite
    245 Posts
    i too am considering an electric car in 12 months time....

    It really annoys me that the goverment goes on about the volatility of oil prices. of a £30 fill up at the pump, around £14 of that is tax/vat/duty.
  • That's OK, soon there will be fuel duty on electricity.
This discussion has been closed.
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