Budget petrol price watch
By Value hunter on Jun 22, 2010 | In News, Money chat, Bad business, Frugal wars
Back in April 2010, when the government of the day announced their budget, they froze a rise in petrol duty.
All the speculation in the media, was that petrol duty would be increased.
One day prior to the budget, in my area all the garages put up the price of petrol by 1p, then on the day after the budget, they increased their petrol prices by 2p per litre.
The reason given at three petrol stations I filled up at in the week following the budget, was "VAT has been increased in the budget" or "Every petrol station is increasing their prices as we have higher taxes!" - all complete lies!
In the new government's budget today, PETROL, ALCOHOL and CIGARETTES have had their duty FROZEN!
This means there is no increase in the tax we pay on them and as such, the prices of them should remain the same.
I will be watching the prices in my area, will you be watching yours?
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