UK’s PRA calls for cut in fuel duty ahead of budget
“The Petrol Retailers Association (PRA) strongly agrees with the UK’s leading motoring and freight organisations, that the Chancellor’s first aim should be to support the economy in this crucial period ahead of our formal exit from the EU by cutting fuel duty – this is already amongst the highest in Europe, especially for diesel.”, commented Brian Madderson, PRA Chairman.
It is clear from the Government’s own data that the irreversible trend decline in diesel volumes has already commenced with only 0.8% growth in the first half of 2017 compared to the same period in 2016 which was 4.2%. This is mirrored by the slump in both new and second hand diesel car sales.
“No further Government intervention by way of a duty increase on diesel is warranted at this time. Any narrow political gains the Chancellor may reap by further penalising already hard-pressed diesel drivers in a desperate attempt to ‘go green’ will come at the expense of lost growth, fewer jobs and lower living standards.”
Source / More: Petrol Retailers Association (PRA)
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