Government to debate 40% reduction in fuel duty and VAT, as petrol and diesel costs soar to a new record
of 168.24p and 181p per litre respectively. For the year to date, the price of petrol has risen 25p and diesel 32p.
"Drivers badly need further help from the government, particularly as the treasury is benefitting considerably from the windfall that 20% VAT brings them on these record high prices", said the organisation. The government said in November last year it was"taking targeted action to help families across the UK with the cost of living, which includes freezing fuel duty in 2022-23, the 12th consecutive year.”
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