The 2012 Budget disappointing for motorists 0

Yesterday the Coalition Government announced the 2012 Budget which left many motorists frustrated and angry.

Leading up to the Budget, many motorists and motoring group were heavily campaigning for fuel duty increases to be cut. Motorists are struggling to cope with the constant rise of petrol prices. This was extremely disappointing news for many.

What does the increase mean?

Fuel is set to go up by 3p per litre. Motoring groups were hoping that these original plans would drop. That is now certain not to be the case. You will eventually have to pay over £1.40 per litre for unleaded petrol. Barrels of oil now cost an average of $125 per barrel. The cost of petrol has gone up by 20% since March 2010, rising by a staggering 23.4p. It is estimated that a monthly fuel bill has gone up by £25 for the average family.

Families forced to cut down elsewhere

Many drivers have been forced off the road in previous years with petrol prices reaching an all time high. With motorists having to pay more at the pumps, it would appear that the prospect of driving may prove too pricey for some. Studies have shown that families will have to cut down elsewhere on the likes of grocery shopping in order to continue driving.

Consolation

George Osborne did offer some sort of consolation. He claimed that if he had not cut fuel duty last year, the rise of petrol prices would have risen by 6p per litre if this action was not carried out. Mr Osborne mentioned that fuel duty will not increase faster than the rate of inflation. The only instance in which that would occur is if oil prices dip below £45 per barrel.

Edmund King, the President of the AA is fully on side with motorists and their battle against fuel prices. He mentioned how David Cameron spoke to American students, claiming that fuel prices in the UK would make them feint but is still not making the situation better for UK motorists.

The RAC, another nationwide breakdown company have had their say too. They believe that petrol prices may increase above £1.50 per litre when the 3p fuel duty increase is due.

Oliver and Toby Richmond have echoed these sentiments, claiming that the fuel duty increase goes against Government plans to ease pressure on working families and halts our economy from growing.