Green Cars

Pre-budget report signals fuel tax rise

Posted from NextGreenCar.com News 137 days ago
Green Cars : Eco Cars

This year?s PBR has announced immediate increases in fuel excise duties for petrol and diesel of 1.25p per litre. Biodiesel and bioethanol fuels are also affected (although the 20 ppl tax advantage remains). The tax on natural gas used as a road fuel will increases by the petrol equivalent of 1.25p per litre, and for liquefied petroleum gas (LPG), the increases is 2.25p (marginally reducing the previous tax advantage of LPG as compared to petrol). WhatGreenCar?s position is that fuel tax rises are inevatable and more are on the cards given the increasing volatility of world crude prices. All ... (original story)