A freeze in fuel duty is the minimum action the Treasury must take the SNP said today (Tuesday).As the party, which has continually pressed for the introduction of a fair fuel duty regulator since 2005, said the UK Government must deliver a permanent stabilisation measure to bring down costs for households and businesses.
SNP MSP for Falkirk West, Michael Matheson said:
“We desperately need action to bring down fuel prices, and a
freeze in fuel duty by the Westminster Treasury would be a start. Record fuel prices are hindering recovery and we need a permanent stabilisation measure to bring prices under control.
In July 2008, George Osborne launched plans for a ‘Fair Fuel Stabiliser’, describing it as a ‘common sense plan’. As well as being common sense, it is unanswerable and fair for Scotland, given that we pay among the highest fuel prices in Europe even as Scottish oil revenues surge into the UK Exchequer.
The problem with the Tories plan is that they launched a raid on North Sea investment to pay for it at the cost of Scottish jobs.
With record North Sea oil and gas revenues flowing to the Treasury
this year, we need to see some of that money used to bring fuel prices
down – and to keep them stable – through a fuel duty regulator.
The SNP have consistently called for the introduction of a fuel duty
regulator, while in power Labour introduced the fuel price escalator that increased the misery for motorists.
The Tories and Lib Dems promised action before the election but have reimaged since even though revenue from Scottish Oil is rising.”