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RAC  Warn that petrol to hit 120p per litre - 20 Aug 2009

Petrol prices at pumps are on course to hit 120p a litre by the end of the year, the RAC warned today.

The first of a double whammy for drivers comes on September 1 when prices are set to rise by at least 2.3p per litre following plans for a fuel duty hike then three months later Chancellor Alistair Darling plans to raise the VAT on fuel back up to 17.5%.

The RAC said prices have gradually risen throughout the year, adding that costs could reach last summer's peak of 120p a litre once more.

According to the Consumer Council, petrol prices across the province are currently at an average of 103.4p.The average supermarket price is 101.9 and the average independent price is 104.6p.

Tesco and Sainsbury’s operate a regional policy where fuel prices depend on the geographical location of the forecourt.

But the RAC's John Franklin said that motorists should prepare to pay even more during the next few months.

This is not good news for the motorist at all. It is going to be a 2p hit at the beginning of September. There will be a VAT increase December time, and this all comes at a time when petrol prices are steadily creeping up. The Government needs to rethink these planned increases because escalating petrol prices will hit hard-working families the most during tough economic times.

The latest hikes have been triggered by the escalating cost of crude oil. Mr. Franklin said it is possible prices could go as high as 120p a litre.

The wholesale price of oil has been creeping up. It hasn't reached anywhere near the heights it did last year yet when it was $147 a barrel, it is now between $70 and $80. But it is going up and that is reflected in the petrol prices. If you look at the graph it has been steadily rising and there doesn't seem to be any signs of it coming back down.


Budget 2009 - Greater support for Autogas - 23rd April 2009

The Chancellor has extended the time horizon for support for LPG/Autogas on duty from 3 years to 5. It is hoped that this extra period of certainty will bolster the LPG conversion industry in the same way that it has in Germany. Germany is now converting cars at the rate of over 100,000 per year and is on course for their target of 1 million LPG vehicles by 2015.

This announcement essentially reassures prospective buyers of LPG cars or conversions that the fuel will remain half the price of petrol or diesel until at least March 2014 and significantly strengthens the argument for switching to this environmentally friendly clean burning fuel. From September 2009 duty on petrol and diesel will be 56.19p per litre whilst duty on LPG will be 13.84p per litre.

The Chancellor also announced a reinstatement of the fuel escalator which means that road fuels will start to go up in duty by more than inflation.

Converting a petrol vehicle to LPG provides motorists with a way to immediately reduce their motoring carbon footprint by 20%, and save money on their fuel costs.

Additionally the VED reduction for LPG cars registered after March 2001 was increased by up to 100% depending on the CO2 band.

Vehicles converted to LPG ( as evidenced by the production of an LPGA Approved Installer LPG Conversion Certificate ) are eligible for the following reduction in VED:

* Vehicles registered on or after 1st March 2001

* £20 per year for vehicles in bands B to E (increased from £10)

* £15 per year for vehicles in band F (increased from £10)

* Vehicles registered on or after 23rd March 2006 for which band G applies

* £15 per year (increased from £10)

This is a clear message of support for LPG for the long term which gives motorists and fleet managers the confidence to purchase LPG vehicles and contribute to a cleaner motoring environment


LPG availability creeps up - 29th January 2009

Autogas has announced that 16 new LPG stations will be opened throughout the UK in 2009. A Shell garage in Rochdale is the latest to offer liquid petroleum gas as a fuel on its forecourt, and takes the total amount of LPG outlets in the country firmly past 1400.

The locations of the next 15 outlets have yet to be finalised, but a spokesman for Autogas has said they will be spread across the country. He also said they are likely to be Shell garages, but other brands might be involved in the deals as well.

The UKLPG, the trade association for the LPG industry, claims there are currently 160,000 vehicles on the road powered by the liquid gas.


 

 

 

 

 

 

 

 





South East Autogas News page full of LPG information and  events

















South East Autogas News page full of LPG information and  events

















South East Autogas News page full of LPG information and  events

















South East Autogas News page full of LPG information and  events