Monday, April 12, 2010

Tory petrol plans might see fuel cut by 10p a litre.

Petrol prices have now reached ridiculous levels, hitting families when times are tough anyway and making us all even more conscious of the amount of tax we have to pay every time we fill up at the pump.

Two years ago the Conservatives proposed a 'fuel stabiliser' policy. Effectively tax on fuel would fall when prices are high and rise again when they fall, thus avoiding huge spikes in fuel costs. Local Labour MPs poured scorn on it at the time but with petrol now a staggering £1.20 a litre, this policy would be a welcome relieve for families, perhaps saving as much as 10p a litre.

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