This afternoon MPs will debate the price of petrol and diesel in Parliament. If you haven't already, now is a great time to write to your MP and tell them that Fuel Duty should at least be frozen. It doesn't take long and it can make a real difference. Motorists are massively overtaxed, tax makes up a staggering sixty per cent of the price at the pump, but further big increases are planned for early next year which we need to stop.
A large part of the debate will be about competition in the sector, and whether there are any problems in the market contributing to high prices. The Office for Fair Trading are looking into the issue and politicians are right to look to ensure consumers aren't being ripped off. But with sixty percent of the price having nothing to do with the cost of the fuel itself, but just tax, it is something of a sideshow. As I argued in City AM recently: "If motorists want lower fuel prices, there is only one serious game in town: lower tax."This afternoon MPs will debate the price of petrol and diesel in Parliament. If you haven't already, now is a great time to write to your MP and tell them that Fuel Duty should at least be frozen. It doesn't take long and it can make a real difference. Motorists are massively overtaxed, tax makes up a staggering sixty per cent of the price at the pump, but further big increases are planned for early next year which we need to stop.
A large part of the debate will be about competition in the sector, and whether there are any problems in the market contributing to high prices. The Office for Fair Trading are looking into the issue and politicians are right to look to ensure consumers aren't being ripped off. But with sixty percent of the price having nothing to do with the cost of the fuel itself, but just tax, it is something of a sideshow. As I argued in City AM recently: "If motorists want lower fuel prices, there is only one serious game in town: lower tax."
Click here to visit FreezeFuelTax.Com and write to your MP
A large part of the debate will be about competition in the sector, and whether there are any problems in the market contributing to high prices. The Office for Fair Trading are looking into the issue and politicians are right to look to ensure consumers aren't being ripped off. But with sixty percent of the price having nothing to do with the cost of the fuel itself, but just tax, it is something of a sideshow. As I argued in City AM recently: "If motorists want lower fuel prices, there is only one serious game in town: lower tax."This afternoon MPs will debate the price of petrol and diesel in Parliament. If you haven't already, now is a great time to write to your MP and tell them that Fuel Duty should at least be frozen. It doesn't take long and it can make a real difference. Motorists are massively overtaxed, tax makes up a staggering sixty per cent of the price at the pump, but further big increases are planned for early next year which we need to stop.
Click here to visit FreezeFuelTax.Com and write to your MP
A large part of the debate will be about competition in the sector, and whether there are any problems in the market contributing to high prices. The Office for Fair Trading are looking into the issue and politicians are right to look to ensure consumers aren't being ripped off. But with sixty percent of the price having nothing to do with the cost of the fuel itself, but just tax, it is something of a sideshow. As I argued in City AM recently: "If motorists want lower fuel prices, there is only one serious game in town: lower tax."