Fuel prices will be pushing ever higher over the coming weeks is the warning from the Road Haulage Association.
As a result of a weakened Pound (suffering a loss of around 6 pence on the US Dollar), buying oil has become a very costly business over the past six weeks; with prices look set to become as high as they were in April this year when the previous ‘peak' was reached.
"To add to this immediate problem for hauliers and motorists alike, the announcement earlier this week that UK inflation has risen once again gives cause for tremendous concern about the expected levels of fuel duty increases next year", said RHA Head of Communications Kate Gibbs.
"We are already faced with a proposed 3.02ppl being added to the duty rate on 1st January, to be followed in August 2012 by an inflation-linked rise of a further 3.41ppl (both ex-vat).
"If these rises go ahead, they will equate to an 11% increase in fuel duty in one year.
"The bottom line is that they cannot be allowed to go ahead. If the Chancellor doesn't see sense and goes ahead with his budgetary plans, the chances of the UK sinking back into a recession will escalate from threat to reality.
The burning question from every user of fuel in the UK must be ‘just how does the Chancellor expect us to cope?