Rejected petition Remove VAT on fuel and appoint a regulator for the cost of petrol and diesel.

VAT on petrol and diesel should be temporarily removed and a regulator put in place to prevent profiteering by fuel suppliers and retailers. Petrol is now an average of £1.70.4 a litre and diesel costs more than £1.81.4 - all-time highs for both fuels.

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The 5p per litre cut announced in the Chancellor’s Spring Statement that did nothing to support struggling individuals and businesses with the cost of living crisis. It has, rather unwittingly, increased profit margins for retailers! In reality, when it costs over £90 for just 50 litres of diesel - £2.50 cut does very little…. Especially when the RAC estimate that currently 55% (or approximately £50!) of the cost is from fuel tax and VAT. VAT alone benefits the Treasury by around 30p per litre.

This petition was rejected

Why was this petition rejected?

There’s already a petition about this issue. We cannot accept a new petition when we already have one about a very similar issue.

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You might like to sign the following petitions:

Set up an independent regulator to monitor and regulate vehicle fuel pricing
https://petition.parliament.uk/petitions/605282

Suspend VAT on road fuels to reduce fuel costs
https://petition.parliament.uk/petitions/610567

Hold an inquiry into fuel prices and introduce increased regulation
https://petition.parliament.uk/petitions/603624

We only reject petitions that don’t meet the petition standards.

Date submitted 25 May 2022
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