Fuel Prices Set To Rise in the UK

in Car

As drivers on the roads in the UK, we all know that the main cost to us is petrol. Prices are rising and rising and there seems to be no end in sight. So why is this? Oil companies are blaming the taxes in our country, as discounts are being applied on fuel levies, but Chancellor George Osborne disagrees with this and is wholeheartedly saying that it is due to inflation from the big oil producers.

As of the first of February 2011, the average price for petrol in Great Britain was 128.65 pence per litre; a massive inflation over the last two years, and particularly since the coalition government gained power of the country. This has caused pressure on the government to cancel the tax duty rise by another penny as of the first of April, when the government produce the new budget. 'Oil prices around the world have gone up a lot in recent months and you see that in many countries and, of course, unfortunately British drivers are paying the price for that at the petrol pump,' Mr Osborne said.

But consumers are arguing that there needs to be more transparency so we can see who is taking the larger portion of our hard earned cash. Are the fuel providers like OPEC being greedy, or is it the rise in VAT and duty tax that is causing these alarming costs? It seems that the price of oil is due to rise by May by another three percent, meaning that some families will be stretched too thin, and people will have to consider other ways to get to work and get their children to school. If you have someone that you can car share with then it's a great idea to save pennies, and share the outlay with someone else. If this is still too much for you then consider getting the train or bus to work; it may cost the same but you won't have to pay for parking at the other end.

If you are driving in the UK and have experienced the pinch then you probably want to save yourself money, Compare Car Insurance online to ensure that you are getting the best deal.

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Laura Hartson has 1 articles online
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Fuel Prices Set To Rise in the UK

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This article was published on 2011/07/21