So, Prime Minister Gordon Brown has been demanding that petrol prices be brought down to reasonable levels. Yet there was something crucially missing in his speech.
The largest take of the income from petrol prices at the pumps is the TAX. Yes, the very tax that this government has levied on the poor motorist. Although the oil companies have been under less pressure because of the significant reduction in the price of crude at the markets, there’s only so much they can do to reduce their prices. Chancellor Alistair Darling has a golden opportunity to take advantage of the lower crude price by reducing the high level of tax in order to get our society moving again.