Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

Fuel tax cut in UK among lowest in Europe, RAC says

by August 1, 2022
August 1, 2022

The UK has given some of the least generous support to help drivers with high fuel costs among countries in Europe that have taken action, the RAC has said.

The motoring group said that out of 13 European nations that have cut tax on petrol, only Luxembourg has done less.

The UK cut fuel duty by 5p a litre in March, but the RAC says this looks “paltry” when compared to elsewhere.

The government says the duty cut will save the average driver £100 a year.

UK petrol prices have hit record highs this year, although they have started to fall back in recent weeks.

Fuel prices have increased sharply because the price for crude oil, which is used to make petrol and diesel, has gone up. Oil prices jumped following Russia’s invasion of Ukraine in February, but they had already been rising as demand rose following the lifting of Covid restrictions.

In the Spring Statement in March, the government announced a 5p-a-litre cut in fuel duty to help motorists, but the RAC said the UK was “languishing near the bottom of the table of the 13 countries that have actually done something to help with the price of fuel”.

It said Germany had taken the equivalent of 25p a litre in tax off per litre of petrol, Italy 21p, Portugal 16p, and both Ireland and the Netherlands had cut duty by nearly 15p.

Other governments have introduced fuel discounts that take effect when motorists are paying at forecourt tills, with Spain cutting prices by about 17p a litre and France 15p.

The RAC said that of 15 European Union countries that have not taken action to cut fuel prices since March, all but six already charged less fuel duty than the UK, even after the 5p-a-litre cut.

While petrol prices have begun to fall in recent weeks as wholesale costs decline, the RAC says UK’s average price of 186p a litre makes it the joint second most expensive country behind Finland (190p) and level with Denmark (186p).

“This analysis lays bare an uncomfortable truth for the UK government – that compared to other European countries, it’s pretty much done the least to support drivers through the current period of record high fuel prices,” said RAC fuel spokesman Simon Williams.

Read more:
Fuel tax cut in UK among lowest in Europe, RAC says

0
FacebookTwitterGoogle +Pinterest
previous post
Energy-intensive companies face shutting early or rationing
next post
Waitrose removes best-before dates from fresh food to reduce waste

You may also like

UK inflation eases to 9.9% but remains close...

September 14, 2022

New Right to Neonatal Care Leave: What Businesses...

February 11, 2025

How Can Trading Apps Empower Entrepreneurs in 2025?

February 26, 2025

UK exports under threat as proposed Trump tariffs...

December 9, 2024

How to Date on LovoFinder While Building a...

November 26, 2024

How Ethan Putterman Is Helping Change The University...

December 14, 2022

Inheritance Tax Receipts reach a record breaking £7.5...

April 24, 2024

UK Export Finance unveils new tools to boost...

June 27, 2025

Beating Content Decay: How to Revitalise Your Company’s...

October 24, 2024

Want to keep good ESG data? Foster its...

August 15, 2023

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Trump’s Debanking Order Calls for Investigation, Something Tennessee Should Have Done

      August 9, 2025
    • MIKE DAVIS: Eric Tung is Trump’s pick to bring sanity to the Ninth Circuit

      August 9, 2025
    • How Europe’s car industry can survive the Chinese EV challenge

      August 9, 2025
    • Hiring Software & JavaScript Developers: Skills, Costs, and Best Practices

      August 9, 2025
    • Rakhi Butani on Skincare, Cooking, and the Power of Balance

      August 9, 2025
    • Jeremy Clarkson warns of ‘catastrophic’ UK harvest as farmers battle extreme weather and rising costs

      August 9, 2025

    Categories

    • Business (8,728)
    • Investing (2,191)
    • Politics (16,345)
    • Stocks (3,228)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved