The price of petrol has gone up more than 3p a litre in the last three weeks while diesel has increased by 4p, the RAC has revealed. Worryingly for drivers, unleaded has risen by 3.2p from 140p on 29 January to 143.4p on 18 February and diesel has shot up from 148p to 152p in the same period, adding around £2 to filling up a family car. RAC Fuel Watch data shows petrol had been on a welcome … [Read more...]
Call for highter fuel duties at pumps
The founder of a public charging network for electric vehicles wants petrol and diesel fuel duties increased. Asif Ghafoor, a veteran of infrastructure delivery and the co-founder and CEO of national charging network Be.EV said the increase would encourage the switch to electric vehicles while covering the shortfall in public finance which has happened since more evs have been purchased. The … [Read more...]
Tradelines 22 March
Independent used car dealers are being put off stocking EVs as a result of plummeting prices, Car Dealer has been told. Speaking at last week’s Car Dealer Live conference in Gaydon, a panel of used car dealers said they had been forced to rethink their strategies as a result of the recent slide after a drastic cut in new Tesla prices sparked a downward spiral in the value of used EVs and amid … [Read more...]
After the hard winter, more chilling news to come
A massive hike in fuel duties is on the cards next spring after a particularly tough winter of rising costs, said the RAC. RAC head of roads policy Nicholas Lyes said, “As things stand, drivers will face an enormous hike in the cost of fuel next Spring due to fuel duty going up. “The Office of Budget Responsibility expects to see 12p added to a litre of fuel, as a result of the current 5p duty … [Read more...]
Tradelines 9 November
The Petrol Retailers Association asked Chancellor of the Exchequer, Jeremy Hunt, to keep the 5ppl fuel duty cut introduced in March. Gordon Balmer, Executive Director of the PRA, said, “When every penny counts, it is crucial that the 5ppl fuel duty cut introduced in March of is maintained for families struggling with the cost-of-living-crisis that 5ppl will make a huge difference.” From … [Read more...]
Tolls to replace lost fuel duties and taxes
Road tolls are back on the Government's agenda. The fleet sector needs to start having a constructive discussion about the likelihood of road charging being introduced in the future and the kind of scheme it would like to see, says FleetCheck. Peter Golding, managing director at the fleet software specialist, said that the rapid growth in electric vehicles expected over the next few years – and … [Read more...]
Newslines 1 December
The motorist and transport industry will pay the price for the Government’s support package for the UK in the Chancellor's Spring Budget, said Howard Cox, Founder of FairFuel UK. Fuel duties which have been frozen in recent years are likely to be substantially increased as HMRC has lost huge income and the Government wants to discourage motoring to save emissions and drive its green … [Read more...]
Dire warning over fuel duty rise
Speaking in response to rumours circulating of a potential fuel duty rise, Elizabeth de Jong, Director of Policy at Logistics UK,said it would be big blow to the UK’s recovery after coronavirus. “Logistics UK and its members are extremely concerned by rumours circulating of a significant fuel duty rise in the Autumn Budget. Logistics businesses have worked tirelessly during the pandemic to … [Read more...]
Call on Chancellor to push green drive
With the ban on new diesel and petrol cars brought forward to 2035, wednesday’s Budget is the time for the Government to put its money where its mouth is. There’s no doubt that alternative fuel vehicles are the future, but the motor industry needs support if it’s to hit the goal, said Seán Kemple, Director of Sales at Close Brothers Motor Finance. “For drivers, it’s time to see mandatory … [Read more...]