good case for cutting fuel taxes. it has the big advantage, of course, that it provides most support to those that have to spend the most on fuel, who have to drive, have to use fuel, who have to drive, have to use fuel to do that, get the most benefit from cutting fuel taxes. i think one big disadvantage is whether you can really do it on a temporary basis. what we ve seen in the past is that when oil prices go up, it s easier to say, we will cut the petrol duty. if the oil prices go down, will the government be able to put the duty back up? hasn t managed in the last ten years to keep basic inflation, and i think in the long term, cutting fuel duty is a much more problematic given the government s environmental inch objectives. government s environmental inch ob ectives. ,, . ., ., . objectives. such as an economic question. objectives. such as an economic question. but objectives. such as an economic question, but a objectives. such as an economic question, but a political-
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Petrol prices have jumped from around 1123p per litre in August to over 122p per litre in just six months.
Diesel charges are also up eight pence from around 118p in the summer to now around 126p per litre.
The current charges are at the same level as a week before the first lockdown despite the country still shut up and traffic volumes down.
However, Mr Madderson warned drivers should not see petrol stations as simply “cash cows” for their money.
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He said many retailers had been “burdened” with “excessive taxation” which has driven up costs for drivers.