<-- Back to petitions
VAT and fuel duty on petrol and diesel
P002722 - 22 March 2022
Presentations: 1
Presenters: 0
At a Glance
This petition concerning vat and fuel duty on petrol and diesel was presented to Parliament once by 0 MPs.
Issue Summary
The petition addresses the urgent need to reduce VAT on fuel and/or fuel duty due to spiralling fuel prices, which are causing significant financial strain on households, businesses, and essential road users.
Action Requested
The UK Government is requested to immediately and urgently reduce VAT on fuel and/or fuel duty to ease the pressure on households, businesses, and essential road users and help keep inflation in the single figures.
Key Facts
- Fuel costs have hit an all-time high with the average cost of filling up a typical family car surpassing £90.
- Motoring organisations warn of "unbelievable financial pain" as fuel prices climb at unprecedented rates.
- Oil prices are over $130 a barrel.
- Fuel duty remains at 57.95 pence a litre, with an additional 20% VAT of 12p per litre.
- Inflation could reach 10% this year, leading to the biggest squeeze on living standards since the 1970s.
- The Treasury is collecting billions in VAT as fuel costs and other prices rise.
Presentation Timeline
MPs presented this petition on the following dates. Each card shows the presenters and any recorded remarks.
Presented
22 March 2022
No presenters recorded for this presentation.
▸
Assessment & feedback
Summary accuracy