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Lower Fuel Duty Petition
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tomstickland wrote: »When fuel prices rises then the VAT income also rises.
So a 15p increase in forecourt prices gains 2.62p per liter in VAT. Hence fuel duty could be dropped by about 2p with no change in tax income.
I paid £1.30 for diesel today and there are less than 200,000 signatures on this petition - I am frankly amazed at the apathy out there. Aside from the greed of oil companies which I don't think we will change, we are getting taken for a ride with the tax component of this.
Let's go a bit French and actually let them know we don't agree with this - please sign:
http://petitions.pm.gov.uk/Lowerduty30/0
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