Home Business NewsBusinessAutomotive News ‘Enough is enough’ the ‘government must act’ as ‘record fuel prices are crippling the lives of those on lower incomes’

‘Enough is enough’ the ‘government must act’ as ‘record fuel prices are crippling the lives of those on lower incomes’

by LLB staff reporter
9th Jun 22 12:28 pm

Data from Experian shows the average price of a litre of petrol at UK forecourts reached a record 182.3p on Wednesday and on Thursday petrol has now exceeded £100 for the first time to fill up a typical family car.

The average price of diesel hit a record 188.1p on Wednesday and some forecourts across England are now selling petrol and diesel above £2 per litre.

The AA has called on the government for a further 10p-per-litre cut in fuel duty and to introduce a “fuel price stabiliser.”

This would see the rate lowered when prices rise, and increased when prices drop which will help with the cost of living and affordability for motorists.

The AA’s resident Edmund King said, “Enough is enough.

“The government must act urgently to reduce the record fuel prices which are crippling the lives of those on lower incomes, rural areas and businesses.

“A fuel price stabiliser is a fair means for the Treasury to help regulate the pump price, but alongside this they need to bring in more fuel price transparency to stop the daily rip-offs at the pumps.

“The £100 tank is not sustainable with the general cost-of-living crisis, so the underlying issues need to be addressed urgently.”

RAC fuel spokesman Simon Williams said it is “truly a dark day” for motorists as the average price of petrol crossing the “thoroughly depressing threshold of £100 a tank.”

He added, “There’s almost certainly going to be upward inflationary pressure, which is bad news for everybody.

“While fuel prices have been setting new records on a daily basis, households up and down the country may never have expected to see the cost of filling an average-sized family car reach three figures.”

He continued, “A further duty cut or a temporary reduction in VAT would go a long way towards helping drivers, especially those on lower incomes who have no choice other than to drive.”

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