Brits to protest record high fuel prices

The protest, organized by the campaign group Fair Fuel UK, comes only after average petrol prices in Britain hit a record high of 137.79 penny per liter.

The price of oil has been rising since Iran announced it would stop oil supplies to Britain and France. Last weekend oil prices hit a ten-month high with the price of Brent Crude Oil reaching USD 126.20 a barrel.

The demonstrators are also expected to present a report to the parliament to explain how a cut to Fuel Duty would benefit the country at the time of financial woos.

The report, issued by the Center for Economics and Business Research (CEBR), revealed that even a small cut in fuel duty of 2.5 penny per liter would help government create 180,000 new job positions.

Fair Fuel UK spokesman Quentin Willson together with organisation’s founder Peter Carroll submitted the significant results of the report to Treasury Minister Chloe Smith last week. The campaign called for the meeting after several reports revealed that the British drivers were paying the most fuel taxes in Europe.

“We have shared the findings of this report with MPs and ministers.However, with only weeks to go to the Budget, we are concerned that the government is not listening and not taking on board the significance of these findings,” Wilson said on Tuesday.

The high fuel prices have been crushing the families and businesses across the country, Wilson stressed, and “It’s damaging the economy and holding back growth.”

Urging the government to consider fuel duty, Wilson also said, “This research shows that a cut in fuel duty won’t cost the Treasury a penny. It can cut duty and do any of the other options if it so wishes.

“So it is wrong of the government to say it’s a choice between a fuel duty cut and other measures. It can, and should, cut fuel duty now.”

SAB/MA/HE

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