Fuel tax rise to add £54 to annual costs

The average family faces paying an extra £54 per year in tax following today`s 2.12 pence-per-litre fuel tax rise, according to the AA (Automobile Association).

According to The Times, the rise brings the average price of a litre of petrol to 94.22 pence per litre, although the average price from a supermarket stands at 90.22 pence. The average price of a litre of diesel is currently £1.03.

AA President Edmund King said: "This and other fuel tax increases will severely dent consumer spending and undermine the UK`s economic recovery".

A spokesperson for debt management company Gregory Pennington commented: "£54 a year may seem like a relatively small amount to some, but for people who are struggling to meet their commitments or repay debt, it could prove to be a burden.

"There are other areas in which people could cut back - for example, switching to a cheaper energy provider, or eating out less. If their debt situation is more serious, a debt adviser may be able to recommend a solution that can help them reduce their outgoings."

---

Gregory Pennington offer debt management plans as well as a range of other debt solutions. If you are worried about debt, contact one of our expert debt advisers now.