It seems the government is still under growing pressure to help motorists as experts believe that fuel prices are still too high. Petrol prices are at their lowest point for five years with one forecourt even dropping them below £1 a litre. Prime Minister David Cameron and Chancellor George Osborne have come under fire for not doing more to help out motorists. They have called on oil companies to pass on wholesale savings to drivers, the amount taxed by the government.
It is an issue that doesn’t concern some drivers, especially people with company cars, but those with second hand vehicles and low disposable income are having to scrape together what they can just to drive to work and back.
At this present time, 70p of every £1 spent on petrol is destined for Whitehall Coffers, the RAC foundation director, Professor Stephen Glaister, said “The Chancellor publicly urged fuel companies to pass on oil savings to motorists. Clearly he thinks the price of fuel is still too high. His easy solution is to cut duty further.”
The average cost of petrol now stands at around £106.8p per litre with diesel at 114p, and the RAC Foundation estimates UK drivers are £330m better off each month compared to last summer because of it.
Prices are expected to keep falling, as supermarkets are trying to undercut each other. One retailer in the West Midlands took a stand against the price war, though, to show how costs are still too inflated. he claims “The supermakets continue to make fortune without assing the price cuts to their customers. it’s scandal. They are cheating people”
