Monday, January 10, 2011

Cameron Backtracks on Petrol Price Cut Pledge (Now There's a Suprise)

The cost of petrol is currently at record levels. Last week, Mr Cameron hinted that the “fair fuel stabiliser”, a proposal to limit the price of petrol that was part of the Tory manifesto, could be revived. But the Prime Minister warned motorists yesterday not to raise their hopes.

He said he had asked the Treasury to study the plan but cautioned that it was a “difficult issue”.

The price of petrol hit a record level when duty was increased along with Vat, which is levied on fuel, at the beginning of this month. There is due to be another increase in duty in April.'


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