Another rise likely
BRITISH motorists pay the highest proportion of tax on fuel in the European Union.
60 per cent of the cost of unleaded petrol is made up of fuel duty and VAT, a rise of more than 20 per cent since 2001. VAT is charged on fuel duty, so as duty rises, VAT increases too.
Chancellor George Osborne hinted that he would make no concessions to motorists in his budget next month.
Fuel duty accounts for £27 billion each year to the Treasury in revenue, cutting it by 1p a litre would cost the Treasury £500 million.
Without fuel duty and the VAT added on top, unleaded petrol would cost 52.8 pence per litre, meaning it would cost £9.50 to fill up a 2012 Honda CBR600RR.
More and more commuters are switching to motorcycles, partly due to their impressive MPG figures. Honda claim their CBF125 can reach 134mpg. Although real-world figures are closer to 90mpg, the CBF will go three times further than a car using the same amount of fuel.
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