2p increase in Fuel Duty per Litre
Just a quick reminder that the fuel duty goes up by 2p a litre from tomorrow the 1st of September. Remember to fill up your tanks today and save a few ££s.
Motorists will be affected with the rise in fuel duty from tomorrow despite petrol prices of 105p a litre. This measure was delayed from last year because of high oil prices. It will generate £1.3 million a day in additional revenue for the Treasury, according to the AA, and means that the taxman takes 65 per cent of the price of a litre of petrol.
There is an indepth article here from the times online about the implications for the economy and business.
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