Action call as fuel price reaches record high

The SNP has called for the Chancellor to reduce the tax on fuel at the Budget later this month as the AA confirmed fuel prices had reached a record high.

SNP Westminster Transport spokesperson Angus MacNeil MP warned that soaring fuel prices was hindering economic recovery and called for the introduction of a fuel duty regulator to deliver a permanent stabilisation measure which would bring prices under control.

Mr MacNeil said:

“It’s a national scandal that, in an oil rich country like Scotland, we are paying the highest fuel prices in Europe. With the bulk of the pump price made up of tax, the Treasury must stop this highway robbery because soaring fuel prices are hindering economic recovery – we need a permanent stabilisation measure to bring prices under control.

“In July 2008, George Osborne launched plans for a ‘Fair Fuel Stabiliser’, describing it as a ‘common sense plan’.  As well as being common sense, it is unanswerable and fair for Scotland, given that we pay among the highest fuel prices in Europe even as Scottish oil revenues surge into the UK Exchequer. The problem with the Tories plan is that they launched a dangerous smash and grab raid on the North Sea to pay for it – which was the wrong thing to do.

“With record North Sea oil and gas revenues flowing to the Treasury, we need to see some of that money used to bring fuel prices down – and to keep them stable – through a fuel duty regulator.

“The SNP have consistently called for the introduction of a fuel duty regulator, in contrast the only measure Labour introduced was the fuel price escalator that increased the misery for motorists.

“The Tories and Lib Dems promised action before the election.  They have the money – Scotland’s oil money – and the powers to deliver.

“If Westminster will not act, the powers should be passed to the Scottish Parliament so that it can.  If Scotland had control of fuel duty, the SNP government would introduce a fuel duty regulator to lower prices now.”