Chancer
18-04-2000, 12:25 PM
I see that the rise in the cost of petrol has driven (pardon the pun!) the monthly cost of running the average family car by £22. Prices have risen to dizzy heights by 26% in the last 12 months, a rise equivalent to nearly 15p per litre. The average price at the pumps is now 72.3p per litre. A combination of a weakening Euro against the dollar and a dramatic rise in international oil prices is the cause of the price hikes. However it is expected that pump prices will reduce in the next month or so due to crude oil prices falling back in recent weeks.
Of the retail price of 72.3p per litre, 42 pence is tax and the remaining 30.3p is the true price. The government made £1.25bn in taxes on petrol last year and look like scoring even more this year. What I’d like to know is how much of that £1.25bd is going back into our transportation infrastructure? A very small percentage I’d say. Also the price increases are having an adverse affect on our inflation too. Why doesn’t the government (i.e. Mr McGreedy) reduce the taxation on petrol? This would have a positive effect on inflation, and give the already outrageously taxed motorist a small but much needed break.
Of the retail price of 72.3p per litre, 42 pence is tax and the remaining 30.3p is the true price. The government made £1.25bn in taxes on petrol last year and look like scoring even more this year. What I’d like to know is how much of that £1.25bd is going back into our transportation infrastructure? A very small percentage I’d say. Also the price increases are having an adverse affect on our inflation too. Why doesn’t the government (i.e. Mr McGreedy) reduce the taxation on petrol? This would have a positive effect on inflation, and give the already outrageously taxed motorist a small but much needed break.