According to a recent Evening Standard report, fuel in Britain would be the cheapest in western Europe if it wasn't for taxes piled on top by the government.
Official figures published by Business Secretary John Hutton show that Britain has the cheapest diesel in western Europe once taxes are excluded, with unleaded petrol being the second cheapest.
The revelations expose the fallacy of the prevailing view that nothing can be done about high fuel prices because of the rising price of oil - a piece of government spin that's increasingly being retailed by the mainstream media.
In reality, factors under direct control of the government such as the huge percentage of the retail price that is down to fuel duty and VAT could affect the price we pay at the pump a great deal, and do much to ease the pain being suffered by hauliers and car users struggling to pay their fuel bills.
Consumer fuel prices have rocketed in recent months as the cost of oil spirals. While fuel duty has remained the same at 50.3p per litre, the government has profited from the extra VAT on the increased prices.
Yet the government remains disinterested in giving any of that extra cash back to ease the growing burden on car users.
Chancellor Alistair Darling has signalled that he may postpone the 2p fuel duty rise due in October, but hauliers are demanding a 25p a litre rebate and a government struggling to maintain popularity should more seriously consider actually cutting duty.
The AA has called for the tax on fuel to be published at forecourts so drivers can keep track of how much we're paying the Treasury, which sounds an extremely sensible idea and one way that fuel companies could extricate themselves from the blame for higher prices.
Home » treasury » UK fuel cheapest in Europe without taxes
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