Fuel Duty Rising Today

Tuesday, 1 September 2009 01:00

Fuel Duty and Petrol Prices to Rise with VAT Increase

Motorists are bracing themselves today as the price of fuel duty is set to soar in line with this year’s UK budget.

That means more bad news come January 1st, when both the fuel duty and petrol prices will rise significantly, as the UK bring their VAT back to 17.5%.

Today fuel duty will go up 2p per litre, but it’s feared come next April there could be a rise of 6.5 pence.

The VAT was reduced originally to help boost the UK’s economy during recession.

This is especially bad news for people on the Island because as it stands we already pay 8 pence per litre more than the UK.

More from Isle of Man News

Joe Locke meets princess at annual carol concert

Manx actor Joe Locke was one of the speakers at the annual Christmas carol concert hosted by the Princess of Wales.
New weather warning issued

Ronaldsway Met Office has issued a yellow weather warning for coastal overtopping today.
Santa's on a Bike ready to raise money for Rebecca House

A festive motorbike event set up by a local business to raise money for a local charity will get underway later..
Buses to divert around TT course closure

A number of bus services will be diverted this weekend as dangerous trees are felled on the TT course.
£66,000-a-year immigration health surcharge manager needed

The government wants to employ a new manager to oversee the new immigration health surcharge - with a salary of up to £66,000 a year.
Out-of-town stores like planned Iceland threaten other shops, says councillor

The chair of Douglas Council's Environmental Services Committee says the local authority objected to Iceland's new Braddan store because it would threaten shops elsewhere.
Isle of Gelato opens in Laxey tomorrow!

Laxey's newest shop will throw open its doors for the first time tomorrow.
Councillors reject card-only Bottleneck Car Park

Douglas Council says it'll continue allowing drivers to pay by cash at a car park on the Promenade.