Petrol prices reach 14-year high

Fuel prices rise and Guernsey debates marine petrol duty

Petrol prices hit a 14-year high in April 2010.

Figures from the Office of National Statistics show that the average cost of petrol reached 121.61p a litre last month – the highest since records began in 1996.

In the same period, the price of a litre of diesel has gone up from 111.52p to 123.03p.

The spike comes at a time when the wholesale price of petrol in Europe has gone down by the equivalent of 2p a litre, according to the AA.

As fuel prices continue to rise across the UK, on of the last fuel-havens for motorboaters faces uncertainty.

Guernsey has begun a public consultation to determine whether people think that the rate of duty on marine petrol should remain less than the rate for road vehicle petrol.

Duty on marine petrol is 21.8p a litre if bought from an island customs approved trader – or 37p if not – and marine diesel is exempt from any duty. Motorists pay 37p a litre.

Anyone with views on the issue should write to:

The Minister
Treasury and Resources Department
The States Of Guernsey
Sir Charles Frossard House
PO Box 43
La Charroterie
St. Peter Port

The closing date for any responses is Friday 11 June 2010.

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