Two Fuel Duty Rate increases are planned for 2012, the first in January, the second in April deferred to August. Currently Fuel Duty is 57.75 pence per litre. During 2012; the duty rate will rise by 10.4%. On 1st January the duty rate will increase by 3.02 to 60.97 pence per litre.
In August there will be a second increase in line with the Retail Price Index which will add between 2.19 and 3.03 pence per litre to the cost of a litre of diesel. Road plays an important part in supply chain.
Even though more freight is carried by rail and short sea, these modes often require road to make the final delivery. Based on industry figures, a typical 44 tonne truck and trailer averages 7.5 miles per gallon and covers 70,000 miles a year. In total this typical truck will use 42,439 litres of diesel in the course of the year.
The British International Freight Association is asking members to sign the Fair Fuel campaigns petition to the Government asking them to reduce fuel duty.