Logistics UK chief calls for Fuel Duty cut review

Determined to address the “elephant in the room” of rising fuel and wage costs, Wells told a packed conference session at last week’s Multimodal conference (14 June 2022) how now could be the time to campaign for a further cut in Fuel Duty, less than three months after the historic five pence per litre cut announced by the Chancellor in March.

“Rising costs are no doubt on everyone’s minds,” he said, “and as we find ourselves recovering from the global pandemic, we’re now faced with a cost crisis with average fuel prices at the highest level on record. They are amongst our members’ biggest costs.”

Despite the recent cut in Fuel Duty, Wells explained to delegates how HM Treasury was taking up to 8% more per litre of diesel from combined Fuel Duty and VAT receipts, meaning there is scope for the Chancellor to cut Fuel Duty by a further 6p per litre. To counter the twin pressures of rising fuel costs and wage inflation, Wells suggested that now could be a good time to review Logistics UK’s policy and call for that further cut in Fuel Duty.

“We’re going to be testing this with our members and some other ideas in the coming months as we seek to lobby on your behalf for a reduction in fuel costs,” he said.

The issue of calling for a further cut in Fuel Duty will be discussed during the current round of Freight Councils taking place between 21 June and 8 July 2022. The events are free to attend and more details on how to join them can be found by visiting the link below.

*https://logistics.org.uk/membership/logisticsuk-councils

Published On: 23/06/2022 16:00:09

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