Fuel price rises continue to affect millions, and the RAC has warned of a rise in fuel duty, urging Chancellor Jeremy Hunt to leave it 'well alone'
RAC fuel spokesman Simon Williams has warned both Prime Minister Rishi Sunak and Hunt “not to tamper” with fuel duty, adding that any increase “would force the millions of hard-working people who depend on their cars to spend even more on petrol and diesel, putting even more stress on already-squeezed household budgets”.
The group added that if duty is left alone, it is likely that prices will fall again, as the cost of wholesale fuel has been continuously dropping over the past four weeks. This would see both fuels falling tol 9p a litre next month, which would take petrol from its current price of 164.23p to 155p and diesel from 188.72p to 180p.
Speaking about today’s budget, Williams said: “Our analysis shows there is a clear link between inflation and fuel prices. When the prices drivers pay to fill up rise, inflation seems certain to follow. That’s something the Chancellor must recognise as he considers what action to take today. “Last month, the ONS stated the single main reason inflation wasn’t higher was because fuel prices had fallen through the summer. Unfortunately, going into the autumn pump prices have been increasing again which we fear will only put further upward pressure on the headline inflation rate.”
The Chancellor’s budget has also been tipped to detail plans to change the way UK motorists are taxedMeera Vadher, who was special adviser to former transport secretary Grant Shapps, confirmed on Twitter that proposals were anticipated. Any plans will come as a response to the increasing electrification of the UK’s car parc; EVs are charged no road tax and don’t contribute anything in terms of fuel duty. As such, revenues have slipped.
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