Fuel price warning
15 November 2011
Fleets must maximise vehicle and driver efficiency to cope with possible diesel prices of £1.55 a litre by next summer should the Government go ahead with fuel duty rises in January and August 2012, according to Brian Madderson, chairman of the Retail Motor Industry Federation's petrol division.
Calling on the Government to abandon increases equating to as much as 8p per litre, Madderson said: "the Chancellor must be persuaded now that it would be economic suicide to force through these drastic changes to fuel taxation in 2012."
Madderson said the 29 November Autumn Statement provided the final opportunity to cancel the 1 January increase, which he described as "the only sensible decision that the country urgently awaits".
Follow BusinessCar on TWITTER