Removing the five pence per litre cut in fuel duty could drive inflationary cost pressures, raising prices for businesses and consumers, according to a submission made by business group Logistics UK to the Treasury ahead of the autumn Budget on 30 October. The business group, which is one of the UK’s largest and only trade body representing all logistics, … [Read more...]
Motorists fleeced out of extra £1.6 Billion in 12 months
Filling stations have pocketed an extra £1.6 Billion from motorists through overcharging on fuel, according to the latest Competition and Markets Authority. Supermarkets and roadside filling stations have steadily increased their profit take per litre and it raises questions about a possible illegal cartel operating behind the scenes with rivals reluctant … [Read more...]
Forecourts still keeping up fuel prices
Fuel prices fell for the second consecutive month but not by as much as they should have with a litre of petrol reducing by 3p and diesel by nearly 4p, shows analysis by RAC Fuel Watch. At the end of June the average price of petrol across the UK was just under 145p a litre – down from 148p at the start of the month. Diesel dropped to under 150p (150.13p) … [Read more...]
