APA has joined motoring groups and transport companies in their condemnation of the 1p rise in the cost of a litre of petrol and diesel as damaging and unnecessary.
The new higher price at the pumps facing people as they start work on Monday is a result of a Labour fuel duty increase which was not overturned by the incoming the Coalition government.
Gareth Osborne said: "This increase highlights a series of contradictions that drivers find it hard to accept. Petrol and diesel prices today are at least 10p a litre higher than this time last year and are generating an extra 1p a litre VAT windfall for the Treasury. This pushes petrol prices to almost the level of the 2008 record high and simply continues the folly of creating more pain for less gain. This increase will add to the pressure on businesses, especially road freight companies, and could backfire and hinder economic growth."
APA will continue to lobby government on all increases that restrict the ability of business to recover its financial stability, recruit and employ more people and return to profitability.
The new higher price at the pumps facing people as they start work on Monday is a result of a Labour fuel duty increase which was not overturned by the incoming the Coalition government.
Gareth Osborne said: "This increase highlights a series of contradictions that drivers find it hard to accept. Petrol and diesel prices today are at least 10p a litre higher than this time last year and are generating an extra 1p a litre VAT windfall for the Treasury. This pushes petrol prices to almost the level of the 2008 record high and simply continues the folly of creating more pain for less gain. This increase will add to the pressure on businesses, especially road freight companies, and could backfire and hinder economic growth."
APA will continue to lobby government on all increases that restrict the ability of business to recover its financial stability, recruit and employ more people and return to profitability.
APA
1 comment:
In the past month, in the North West of the UK, I have seen petrol prices jump from £1.09.9 per litre to, in some cases, as much as £1.26.9 per litre! The reported 1p per litre rise might have been more affordable if it had been the only rise!
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