09/10/2026
FUEL TAX
The government recent announced a temporary 5p cut . From 57.95p to 52.95. However in reality they are giving you nothing given they charge 20% on top of the price . For example diesel at around £2 per litre brings in an extra 37 p litre in vat . So the higher the price the more they make .
So they have no interest in lower fuel prices
They receive approx 11 billion in VAT
The temp cut will cost them around 2 billion
TAX from motoring brings in about £40 billion per year