FairFuelUK, the Nationally Recognised Award Winning Campaign fighting for lower petrol & diesel prices, is widely accredited with stopping £30 billion of road user taxes being levied on businesses & public in this Parliament
is one of Britain’s best-known motoring authorities and is lead campaigner for FairFuelUK. He spent over a decade presenting BBC's Top Gear and was largely responsible for bringing the once scandalously high prices of new cars in the UK down to the same level as the rest of Europe.
See his new and very popular Classic Car Show on Channel 5
Monthly Archives: SEPTEMBER 2011
Monday, September 26, 2011
At the Labour Party
Conference in Liverpool on Sunday 25th September, I set out the
calls from FairFuelUK for a significant cut in Fuel Duty.
how cutting fuel duty would boost the economy, save jobs, ease inflation and
give the whole country a morale boosting lift. The event took place against the
background of the number of signatures on the FairFuelUK petition on the new
Government eSite reaching 95,000, only 5,000 short of the total required to
trigger a full Parliamentary debate on the
Campaign Manager Peter Carroll
said, ‘There are rumours that the Government is trying to identify ways
of stimulating the economy without compromising its deficit reduction strategy.
One answer is to cut fuel duty. Recent figures released by the Treasury have
shown that Fuel Duty is so high that the treasury has actually collected less
money from it, as people and businesses have just not been able to afford it.
Therefore, a Fuel Duty cut could actually INCREASE tax revenues, increase growth
and lower inflation. The huge support for our campaign and the online ePetition
on the Government site
Thursday, September 22, 2011
Dear FairFuelUK Supporter,
It appears that the Government and institutions like the International Monetary Fund are finally accepting that more needs to be done to increase growth in the economy. There are substantial rumours that the Government might be trying to bring forward spending on major infrastructure projects to boost growth.
This may be a good idea. However, in all of these discussions, the politicians are not even discussing that CUTTING FUEL DUTY NOW could actually be a major part of the answer! A fuel duty cut now would boost growth, reduce inflation and create jobs. Additionally, we believe that the Government itself would gain, as the greater economic activity would yield more tax.
To get the politicians talking about this as an option, we now only need 8,000 extra signatures at http://bit.ly/FFUK-Gov
When we hit the 100,000 target we will force a full Parliamentary debate on this issue. FairFuelUK, the RAC, FTA and RHA will then have your mandate to make them see sense.
Additionally, over coming weeks, we will be asking our supporters to write and email their MPs to put our case.
We ask your understanding if you have already signed. This ePetition is different than any that we have done before as it is on the Governments own servers and we have no way of knowing which of our supporters has signed. Forwarding this email to friends and colleagues would be a great help in getting those last few thousand vital signatures.
With enormous thanks for your support to date,
Monday, September 19, 2011
I took the FairFuelUK message to the Liberal Democrat conference early today. I joined a panel of experts convened at a fringe event organised by ‘The Transport Hub’. The event challenged politicians on the need to consider economic growth, affordable road fuel and the environment.
I said, ‘There was broad agreement that hard working people are suffering from the short comings and costs of public transport plus the pain of some of the highest levels of fuel duty in Europe. The panel and the audience agreed that the current costs of personal and public mobility must come down. I restated the central call of the FairFuelUK campaign for an immediate cut in fuel duty to stimulate the economy and create desperately needed jobs’.
Peter Carroll, one of our excellent FairFuelUK team said, ‘Our campaign can only win through if it has broad support in the Commons. We are determined to go to all three major Party conferences. In addition, we now only need 9,000 more signatures on our petition on the Government eSite to force a Parliamentary debate on the vital fuel duty issue
Sunday, September 18, 2011
Sunday, September 18, 2011
This summer, Western countries staged the first release of "strategic oil
stocks”. This was supposed to cut petrol prices for struggling motorists.
However, enquiries by Harlow MP Robert Halfon now indicate that much of the oil
was diverted away from consumers, and sold instead to major American banks.
Experts now fear that banks hoarded the oil, instead of selling it to motorists,
and are likely to enjoy huge profits as a result.
Earlier this summer, as oil supplies from war-torn Libya dried up, the United
States, UK, and other governments across the world released 60 million barrels
of oil from their strategic reserves (1). These were intended to ease the
pressure on oil prices and the wallets of families and small businesses,
already suffering from price and tax increases.
But although the release knocked the pump price of petrol down a few pence, it
quickly rose again. It now appears, according to an obscure "bid
list" that has emerged recently from the U.S. Department of Energy (2),
that banks like JPMorgan bid over 150 million dollars to secure parts of the
strategic oil stocks. Instead of selling these on to motorists, they appear to
have hoarded the cut-price oil on offshore tankers, waiting for prices to rise.
Harlow MP Robert Halfon said: "Whilst motorists are now paying up to £1.50 a litre for petrol, some banks appear to have been starving them of the very oil that was meant to reduce prices. If it is true, this is outrageous. We
urgently need cheaper petrol, to get our economy moving again.”
A few days ago, one of the first actions of the the new head of the
International Energy Agency was to halt the release of strategic oil reserves.
Despite taking steps to shut down the scheme, the IEA officially claimed that
the policy had been "a success" (3).
In addition, it appears that in recent years, JPMorgan has a long record of
profiting from oil speculation. In 2009, the financial news group Bloomberg alleged that the U.S. bank had
rented a ship for up to $40,000 dollars a day, to hoard over 200,000 tons of
heating oil on a supertanker off the coast of Malta, waiting for its price to rise (4). These reports were later confirmed by shipping firms Oslo-based SeaLeague A/S, and Athens-based Optima Shipbrokers Ltd. (5).
Experts fear that this kind of speculation has prevented petrol and diesel from
entering circulation in the market. In turn, this has kept prices high for
those who pay through the roof to heat their homes and fill up the family car.
Mr Halfon has campaigned for months against high petrol prices. He said:
"Whilst motorists and households feel the squeeze, it’s business as usual
for the banks. The Government must clamp down on this. That's why I have tabled
a FairFuelUKe-petition calling for cheaper petrol. So far it has got
85,000 signatures. If we get to 100,000, we can force an MPs debate in
I urge everyone to sign the FairFuelUKe-petition here:http://bit.ly/FFUK-Gov
Notes to editors:
(1) "The United States and more than two dozen other countries
that make up the International Energy Agency (IEA) put 60 million barrels of oil into the market this summer in an effort to drive down skyrocketing oil prices. Supplies were particularly tight because Libyan exports had slowed to a trickle during the uprising against strongman Moammar Gadhafi at the same time
that demand was ramping up in the warmer summer months.” http://www.msnbc.msn.com/id/44426660
(2) Figures based on the bid list released by the US Department of
(3) Maria van der Hoeven, the new head of the IEA who began her
tenure last week, said in an interview on Wednesday 07 September 2011 that the release
of strategic oil reserves had been a "success”, but that the policy would be halted immediately.