Drivers are expected to see petrol prices hit their highest ever levels if they continue to rise. The latest Experian Catalist data has the price listed at an average of 141.79p per litre of unleaded and 144.8p for diesel.
“I think consumers appreciate that we’re not robbing them, it’s the price of everything going up.
“The average price is 141.79p (per litre), we are just a bit higher than that, so everyone’s in the same boat.
“Customers understand and they may not like it, but they understand that the price of everything is going up.
“It would be lovely to see fuel duties coming down, but I think we can assume that’s not going to happen.
“I mean the fuel duty is enormous, nearly 60p per litre, plus the VAT on top of that, so over half of what you’re paying is going to the Government.
“But they’re already losing a lot of that anyway. Fuel volumes are going down so they’re losing some of that with the shift to electric.
“They ain’t going to cut that and give us some Christmas joy unfortunately.” (sic)
“Our levels are back to normal now. Our tanks are full, come and buy,” he told BBC Breakfast.
UK fuel duty is currently 57.95 pence per litre for petrol and diesel, with VAT also being levied on the duty.
Chancellor Rishi Sunak is set to unveil his Budget on Wednesday, October 27, as many will be looking to see if any changes are made to fuel duties.
In the March Budget, the Chancellor scrapped plans to increase fuel duty in a bid to keep the cost of living down during the pandemic.
Fuel duty has remained frozen at 57.95p per litre for both petrol and diesel for the 11th year running.