Petrol taxes
Having recently purchased a car that does less than 30mpg I have become rather more aware of petrol prices than I was when I had one that you could have run on Brlycream. Anyway I still can't get too excited about the RAC's suggestion that the Treasury vary the petrol tax inversely to the world price of crude, in order to ensure more stability in the UK pump price.The major problem with this is that it essentially means the sales price of petrol is invariant to the price of oil, which for the oil producing countries and companies is a huge incentive to see the price of oil go even higher as there will be no demand penalty to pay.
posted by Matthew @ 9/05/2005 11:52:00 AM
Comments: 0
