Petrol prices hit a new record high this month as the impact of a rise in duty and the rise in VAT from 17.5% to 20% pushed the average price of a litre of unleaded up to £1.28 (according to Petrolprices.com). The Prime Minister was this week non-committal on the idea of a fuel price stabiliser that would see the duty on fuel fall if the price of oil rose (and vice versa). The Conservatives pledged a ‘fair fuel stabiliser’ in last year’s election manifesto but it did not...
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