Prepare for fuel duties, say experts

Businesses in the region should begin to prepare for the possible impact of the proposed fuel duties in August, or risk unforeseen expenditures, say experts at Yorkshire Bank.

While the Government has postponed its proposed fuel duty increase of 3p per litre until August 2012, fuel prices continue to fluctuate. Current average prices for a litre of unleaded fuel in the North East is now 131.4p for petrol, and 140.8p for diesel. If these proces remaina t or around this level in 2012, fuel prices could exceed an all time record high of 136.9p set in May 2011.


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