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Drivers 'paid 26bn' in fuel duty last year

Drivers 'paid 26bn' in fuel duty last year Image

Chancellor George Osborne has been urged to ditch the planned fuel duty hike after British motorists paid more than £26bn in fuel taxes last year, according to new research from the AA.

Figures showed that fuel duty contributed more than £26.8bn to the Treasury during the last financial year, but the Chancellor is thought to be pressing ahead with plans for a 3p-a-litre increase in the New Year.

Despite fuel duty remaining unchanged for 20 months, the AA claimed that fuel levies from the 2012/13 financial year are on course to equal the figures posted last year.

The AA said last year's total of £26.8bn was only 1.7% down on the record high of £27.26bn from 2010/11, while the 2011/12 dividend was almost three times higher than the £9.63bn received by the Treasury in 1990/91.

Motorists in the UK have experienced two wholesale petrol price bubbles since April this year, with average petrol prices rising to a record high of 142.48p a litre in the spring and to 140.23p in the autumn.

On both occasions, wholesale prices, including VAT, dropped by 10p a litre, but this was only reflected by a 4p slump in pump prices less than a month later.

The AA added that escalating petrol prices were acting as a deterrent to many motorists in the UK, with 527 million fewer litres of petrol being sold in the six months to October - costing the economy around £305.4 million in lost tax.


published: 03/12/2012 17:00:01

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