Demand for urgent action as cost of petrol hits £100 per tank
On Tuesday, the price of petrol rose by more than 2p in just 24 hours - the biggest daily increase in 17 years.
He has also called on ministers to introduce a fuel price stabiliser, which would work by reducing fuel duty when prices go up and increasing it when prices drop. Meanwhile, RAC fuel expert Simon Williams labelled the fill-up rise a “truly dark day”, adding: “With average prices so high, there’s almost certainly going to be upward inflationary pressure, which is bad news for everybody.”
“More radical government intervention is urgently needed, whether that’s in the form of a further reduction in fuel duty or a VAT cut,” Williams said on Monday.
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