Labour and your Petrol

Just in case you forget

When Labour came to power in 1997 the fuel duty on unleaded petrol stood at 36.86p per litre. When they left office in 2010 it had risen to 57.19p per litre

(HMRC, Hydrocarbon oils: historic duty rates, link).

Now Labour jump up and down at the pump price

but this is what Labour idea of a stabiliser did to the price of petrol when they were in office

12 rises, with plans for another 6.

1.02/07/97 – fuel duty rose to 40.28p per litre

2.17/03/98 – fuel duty rose to 43.99p per litre

3.09/03/99 – fuel duty rose to 47.12p per litre

4.21/03/00 – fuel duty rose to 48.82p per litre

5.15/06/01 – fuel duty rose to 48.82p per litre (having briefly been 46.82p)

6.01/10/03 – fuel duty rose to 50.19p per litre

7.07/12/06 – fuel duty rose to 51.52p per litre

8.01/10/07 – fuel duty rose to 53.65p per litre

9. 01/12/08 – fuel duty rose to 52.35p per litre (having previously fallen to 50.35p)

10. 01/04/09 – fuel duty rose to 54.19p per litre

11.01/09/09 – fuel duty rose to 56.19p per litre

12.01/04/10 – fuel duty rose to 57.19p per litre

Labour also planned for six further fuel duty rises after the election.

Labour's March 2010 Budget, delivered by Alistair Darling set out six further rises

(HM Treasury, Budget March 2010, p. 8, link).

13. 01/10/10 - 1p rise

14. 01/01/11 – 0.76p rise

15. 01/04/11 – 1p rise in real terms

16.01/04/12 – 1p rise in real terms

17. 01/04/13 – 1p rise in real terms

18. 01/04/13 – 1p rise in real terms

We have scrapped most of Labour's rises, But ask yourself would Labour really scrap them?

See our original posting at

http://sandwellconservatives.blogspot.co.uk/2011/03/labour-and-petrol.html