Call for budget fuel duty reduction

By: Certas Energy
 
March 16, 2015 - PRLog -- Ramsay MacDonald, Retail Director, Certas Energy, is calling on the Chancellor to protect the future of independently owned filling stations and stimulate economic growth by reducing fuel duty by 2ppl in his budget review, next Wednesday 18 March.

“It’s opportunistic for Government to increase fuel duty whilst pump prices are low, for no more than a short-term revenue gain,” he says. “We urge the Chancellor to make the right decision and cut duty for the benefit of all consumers. Our industry already suffers from tax on tax with fuel retailers currently paying duty of 57.95p on every litre, and that’s before VAT is added.”

“We’ve seen the positive impact in recent weeks of lower pump prices and speculation of a duty hike after the election just undermines confidence. A longer term commitment to reducing fuel duty will allay the fears of consumers and protect the UK’s independent forecourts. We come under criticism to respond more quickly at the pumps when oil prices fall but what is rarely considered is the huge cost of stock in tank for such a low margin business. Anything that the Government can do to reduce this will ultimately benefit motorists.”

Certas Energy is the largest fuel and lubricants distributor in the UK and supplies over 1200 independently owned forecourts. Around 100 filling stations close each year in the UK, strengthening the hand of the supermarkets and adding 15 miles or more to journey times in some rural areas; which is an increased strain upon communities and in particular their key services including doctors and midwives.
End
Source:Certas Energy
Email:***@polygon.uk.com Email Verified
Tags:Certas, Fuel, Chancellor, Budget, Government
Industry:Financial, Government
Account Email Address Verified     Account Phone Number Verified     Disclaimer     Report Abuse
Polygon Marketing PRs
Trending News
Most Viewed
Top Daily News



Like PRLog?
9K2K1K
Click to Share