Prices show little sign of falling
The soaring cost of fuel must be capped to halt a crisis on Britain’s roads, road groups have warned.
The RAC Foundation has pleaded with the Government to act now on petrol prices as motorists continue to suffer from spiralling costs.
Costs for delivery firms are understood to have increased by 20 per cent in the last year and they are struggling to make ends meet.
Petrol prices have gone through the roof for motorists and are a further burden on top of rising tax costs and increases in schemes such as the Congestion Charge.
The RAC Foundation and the Road Haulage Association this morning called on the Government to cap petrol prices by reducing the amount the Treasury takes in fuel duty – currently 65p in every £1 spent at the pumps.
Drivers currently pay an average of 108.06p a litre for unleaded and 117.41p for diesel.
Crude oil has hit a record of $114 and unleaded could hit £1.50 per litre by September, experts have warned.
RAC Foundation acting director Sheila Grainger said: ‘The Treasury could be imaginative and use fuel duty to cushion families from the high cost of crude oil on world markets.’