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Cameron urged to honour pre-election fair fuel price stabiliser pledge

By: Laura Nineham
10 January 2011

David Cameron has been urged to honour his pledge to curb soaring fuel prices as the cost of petrol soars to almost £1.30 a litre.

According to The Daily Mail, the Prime Minister backtracked from his previous commitment made before the election, when he announced a fair fuel price stabiliser. He said he recognised that many people had no choice but to use their car, which would reduce the amount of tax drivers pay on fuel if the cost increases.

"I don't want to raise people's hopes too far because it is a difficult issue," Mr Cameron told BBC News. "But the concept that when the oil prices rise - and it has risen - if that yields extra revenue to the Treasury is there a way of sharing the burden between the Treasury and the motorist? That's the idea."

His reluctance to stand by his previous pledge has angered those in driving jobs who make regular trips to the pumps.

John Walker, national chairman of the Federation of Small Businesses (FSB), said the FSB were severely disappointed in how Mr Cameron has tackled this issue.

He said: "In opposition, the Conservative Party promised to put a fuel duty stabiliser in place - something the FSB has been calling for - but they have failed to deliver. As such, they are placing strain on already hard-hit businesses' cash-flow."

 

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