Government should consider cuts to fuel duty and VAT to help motorists, says Gordon Balmer from the Fuel Retailers Association The cost of filing an average family car has hit £100 for the first time
On Wednesday, the highest price was found to be 202.9p a litre at BP sites on the A1 near Sunderland, the M4 near Chippenham in Wiltshire and the M6 near Burton-in-Kendal, Cumbria.
Urging more government support, Mr Williams said that the higher fuel prices went, the more the Treasury took in VAT receipts, at about 30p on every litre sold. This compares with 25p before Russia invaded Ukraine. The government has so far ruled out cutting VAT, arguing that any increases in receipts it gets from higher fuel prices will be largely offset by reduced household spending and VAT on other items.
The Competition and Markets Authority said that if it found sufficient evidence the 5p fuel duty cut had not been passed on to drivers, then it would launch an investigation that could lead to fines for offending retailers.Lisa Stevenson, who owns Tolladine service station near Worcester, told the BBC her prices per litre - at 197.9p for unleaded and 194.9p for diesel - reflected volatile wholesale prices driven by the Ukraine war.
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