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Petrol and diesel prices may rise another 10p to 20p per liter next week. Howard Cox of FairFuelUK takes a close look at the current fuel market and recommends to the Chancellor to address the unsustainable rise in fuel prices in the spring statement of 23rd March 2022.

The additional VAT generated over the past year and the coming months due to record pump prices is more than enough to give drivers some breathing room and reduce fuel tax by 5p. This would align pump prices with the European average and make businesses more competitive and viable in a post-Covid recovery phase.

Even taking into account changes in exchange rates since 2014, when the dollar price of a barrel of Brent oil was similar to current prices, diesel and petrol are 10p to 14p per liter HIGHER NOW than necessary. For the driver of an average family car, that’s £7.70 more than is both honest and fair.

Road transport costs are overwhelming

A resilient and fit road freight and logistics sector is also essential, not just to keep Britain moving, but to help build back better as we return to post-pandemic normality. Without your support through the introduction of an essential user discount, we run the very real risk that, as hauliers continue to be hit with sky-high diesel prices during a cost of living crisis, the he economic future of the industry will become increasingly uncertain.

With more than half the cost of a liter of diesel represented by the levy, we strongly believe that action must be taken to support UK hauliers and keep consumer prices under control through the introduction of a essential user discount of 15 pence per litre. This step would mirror an approach taken by many other European countries, including Spain, France and Italy, which has proven successful.

For more than a decade of campaigning, FairFuelUK witnessed the insidious and uncontrolled scam of British drivers. Our nation’s business, community, and social rhythm and our right to choose our movements have been so relentlessly demonized and ruthlessly exploited that it has become an institutionalized business and tax fixation to implement a tsunami of anti-driver policies. And it looks like there are more to come.

Exploitation of drivers is even more rampant, with companies shamelessly using the Ukraine conflict to line their pockets.

In Drumchapel, Glasgow, a BP garage has just upgraded diesel from 159.9p to 173.9p a litre. What is the basis for this increase and why again are diesel drivers exploited more than petrol users?

There needs to be transparency in how gasoline and diesel prices are achieved as “commodity costs in the global market and exchange rates fluctuate ‘legitimately’”.

Why is the Treasury, and they know it very well, failing to act to control runaway profits is hurting the economy, hitting the world’s already highest taxed drivers and fueling inflation?

The lack of financial support for drivers is certainly not due to the gargantuan pile of £2billion in additional VAT that the Treasury has benefited from due to a high filling cost.

If gas, electricity, water and telecoms have price protection bodies, why should motorists not have them too? We need “PumpWatch” now, to ensure fair pricing for consumers and hard-working fuel retailers. Most of the profits are made at the wholesale level and not by small independent retailers, who are also victims of the greedy fuel supply chain.