East Anglian Hauliers Group
Reception in Houses of Parliament 26 January
2000
THE PRICE
OF FUEL
Eighty-five per cent of the price of diesel
is taxation, the Government had fuel duty revenues of £21.6
billion in 1998-99 and projects £22.5 billion in 1999-2000,
and £23.5 billion in 2000-01.
The price comparisons over the past four years
are:
| | Price per litre of derv (pre VAT)
|
| | 1996
| 1997 | 1998
| 1999 |
| January | 44.40
| 49.54 | 48.61
| 51.14 |
| February | 45.69
| 48.28 | 48.37
| 51.35 |
| March | 46.28
| 47.47 | 52.95
| 57.66 |
| April | 45.50
| 46.80 | 52.95
| 57.71 |
| May | 44.96
| 47.32 | 52.61
| 58.76 |
| June | 44.20
| 46.33 | 51.96
| 57.67 |
| July | 45.02
| 49.62 | 52.04
| 58.59 |
| August | 45.38
| 50.47 | 51.65
| 59.13 |
| September | 47.93
| 50.36 | 52.70
| 59.70 |
| October | 48.87
| 51.07 | 52.07
| 59.33 |
| November | 47.11
| 50.82 | 51.63
| 61.87 |
| December | 49.58
| 50.05 | 51.34
| 63.36 |
JOB LOSSES
LOOMING
The industry commissioned research from the Centre for Economics
and Business Research Ltd to examine the economic consequences
of the widening gap between UK and European duty rates. The following
table details the impact on the haulage industry, calculated in
terms of jobs lost:
| Price differential—Forecast |
Loss of jobs |
| 1999 differential (24.0p/litre) | 10,550
|
| 2000 differential (27.4p/litre) | 32,100
|
| 2001 differential (31.1p/litre) | 42,740
|
| 2002 differential (35.2p/litre) | 52,930
|
Source: Centre for Economics and Business Research
Ltd.
|
