Have
petrol rretailers passed on the fuel duty and VAT cut?
Simple answer is they have kept an average of 42%
or 2.51p of the 6p cut
Some supermarkets' fuel stations are reducing prices by the full 6p
- for example: Tesco Extra, Baldock, High Street, SG7 6BN - 160.9p
Posted: 220330 |
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The
good news in the Spring Statement from the Chancellor on Wednesday
23rd March last week was a welcome reduction of 5p in fuel duty.
That was a cut of 6p including VAT but have we seen that
passed on in full on fuel retailers' forecourts? Sadly only
a little over 50% of the 6p cut has been passed on by most fuel
retailers which is frankly disgraceful greed and disdain
for motorists.
In an online article by Sarah Tooze on the heycar
website she says "the latest average fuel prices were 163.52p
for petrol and 177.47 for diesel on 29th March 2022. That means
petrol has reduced by 3.49p since the day of the Spring
Statement and diesel has reduced by 2.43p. So the fuel retailers
have kept 2.51p or 42% of the Chancellor's 6p reduction!" |
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