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Figures from data firm Experian show the average price of a litre of petrol at UK forecourts reached a new high of 185.0p on Sunday.
In May 2008, UK fuel taxes were the highest in Europe. [21] The government revenue from fuel duties was £25.894 billion in 2009. An additional £3.884 billion was raised from the Value added tax on the duty. [22]
In 1928, following market reductions in the cost of a UK gallon of fuel to about 1s 2½d (equivalent to £4.6 in 2023), [2] the Government introduced a tax of 4d (£0.017) per UK gallon [4] bringing the cost of a UK gallon of petrol to 1s 6¾d [citation needed] (equivalent to £5.94 in 2023). [2]
According to the RAC’s Fuel Watch data, a litre of unleaded rose from 162.87p at the start of May to 174.02p by the close. Petrol cost closes on £100 prompting calls for government intervention ...
Fuel taxes in Germany are €0.4704 per litre for ultra-low sulphur Diesel and €0.6545 per litre for conventional unleaded petrol, plus Value Added Tax (19%) on the fuel itself and the Fuel Tax. That adds up to prices of €1.12 per litre (€4.24/US gal; €5.09/imp gal) for ultra-low sulphur Diesel and €1.27 per litre (€4.81/US gal; € ...
Government figures show the average price of a litre of petrol at UK forecourts was a record 170.4p on Monday.
The Fuel Price Escalator (later Fuel Duty Stabiliser), a fuel duty policy in the United Kingdom ahead of inflation, was introduced in March 1993 as a measure to stem the increase in pollution from road transport and cut the need for new road building at a time of major road protests, at Twyford Down and other locations. Set initially at 3% ...
Data published by the Department for Business, Energy and Industrial Strategy showed the average price of petrol has risen to 146.95p per litre. Petrol and diesel prices on the rise, Government ...