ATS Euromaster: “The country cannot get back on its feet if the cost of fuel is continually dragging businesses and motorists back down.”
21 March 2012Any glimmer of hope that the Chancellor of the Exchequer, George Osborne, would offer British businesses and motorists relief from the soaring cost of petrol and diesel – which earlier this month hit record UK highs – was quashed during today’s Budget. The Chancellor confirmed he would not be making any further changes to the fuel duty plans already set out. As a result, the planned 3.02 pence per litre (ppl) rise in fuel duty will take effect from 1 August 2012. With VAT at 20 per cent, this will see pump prices jump by nearly 4ppl. Ian Stuart, Group Managing Director