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Call for urgent action as petrol cost hits £100 a tank Car News

The price for refueling a typical family car with fuel has hit the £100 mark for the first time, prompting the AA to call on the government to cut fuel tax by a further 10p.

It now costs the owner of a car with a 55-litre tank, such as an Audi A3 or BMW 3 Series, £100.27 to fill up on unleaded and £103.34 on diesel.

It came after petrol prices yesterday rose by 1.58p to 182.31p per litre. Diesel prices rose by 1.48p to 188.05p.

On Tuesday, the price of petrol rose by more than 2 pence in just 24 hours – the biggest daily increase in 17 years.

The latest hike sparked an angry response from AA President Edmund King, who called on the government to “act urgently” to reduce record fuel prices, which are “crippling the lives of low-income people, rural and business areas.

He also called on ministers to introduce a fuel price stabilizer, which would work by reducing fuel taxes when prices rise and raising them when prices fall.

King said: “A fuel price stabilizer is a fair way for the Treasury to help regulate the price at the pump, but at the same time it must bring more transparency to fuel prices to stop the daily scams at the pumps. . The £100 tank is unsustainable with the general cost of living crisis, so the underlying issues need to be addressed urgently.

Meanwhile, RAC fuel expert Simon Williams called the increased fill a “really gloomy day”, adding: “With average prices so high there will almost certainly be upward inflationary pressure. , which is bad news for everyone.”

Earlier in the week, the RAC claimed the UK was on the verge of a fuel crisis. He called for urgent “radical government intervention” to prevent a national fuel crisis.

“More radical government intervention is urgently needed, whether in the form of further fuel tax cuts or VAT cuts,” Williams said on Monday.

“As things stand, drivers will surely not be able to cope unless something is done to help them… This is quickly becoming a national crisis for the country’s 32 million motorists as well as countless businesses.

The rise was driven by soaring wholesale oil prices, but analysts predict the price per barrel will average $135 (£107.66). It needs to hit $160 (£127.66) for petrol to hit £2 a litre.

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Source: www.autocar.co.uk
This notice was published: 2022-06-09 10:32:00

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