News
Labour’s lorry tax hike would damage UK economy
The Labour Party’s plans to impose a £12,096 a year lorry tax per truck would penalise British business, says The Freight Transport Association (FTA). The plans were mooted by Clive...
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News
Fuel distributors back calls for renewable liquid fuel tax to be slashed
A leading UK heating oil distributor is backing the call for the Chancellor to slash the tax on renewable liquid heating fuels. Fuel distributor, WCF, is a member of the...
Opinion
Time to ‘axe the tax’ on renewable liquid heating fuels
...tax. “It doesn’t make sense for the tax system to penalise the use of low carbon fuel for home heating when kerosene attracts a zero rate.” The Government’s amendment to...
Opinion
Calls for ‘vital’ fuel tax cut to remove inflationary pressures on distributors
...Treasury to achieve tax targets through VAT payments. However, by introducing a dynamic, price-related taxation mechanism, the government can ensure that fuel duty doesn’t add to the inflationary pressures faced...
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News
Association lobbies for delay on carbon tax increase
...the €6 increase of carbon tax on heating oil, used by over 686,000 households across Ireland, and gas oil, used by the farming and construction industry, due in May this...
Opinion
Budget provides welcome clarification on oil and gas decommissioning
...be an increase in the rate of corporation tax for businesses with taxable profits of over £250,000, from the current 19% rate to 25% from 1 April 2023. The rate...
Opinion
Warning over red diesel price hike
...red diesel taxation is nothing more than a deadly tax without purpose that will not only threaten the survival of half of affected businesses at a cost of £500 million,...
Opinion
Fuel duty freeze welcomed across sector
...of motorists, motorcyclists, taxis, van drivers and much maligned hauliers, we will continue to fight hard for fairer taxation, improved road user policies, better more practical and equitable ways to...
News
Red diesel rebate change – the unwelcome impacts and contradictions
The Government was urged to reconsider the timing of the red diesel rebate change over concerns that the massive hike in fuel tax will hit business hard. With the calls...
Insight
What price oil? 2024 In review
...announcing plans to end biofuel import tax relief. This policy decision would in turn push up HVO prices domestically. April On 18th April, the German government announced a further delay...
Further Reading
News
September 14 update
...of North Sea oil lies in Scottish waters. But this seemingly simple measurement ignores the fact that British government money was used for the initial geological surveys, British tax incentives...
News
A product making a marked impact on fuel theft
...confirm that it is not ROI tax rebated fuel will not give false positive results on any roadside tests used in the determination of statutory markers applied to tax rebated...
Interview
The battle to offer a competitive product
...in the fleet. Calls for lower taxes, COD and drums Due to Malone Oil’s proximity to the border competition from Northern Ireland-based distributors, who can sell the same product at...
Opinion
The community speaks
...sometimes taxing and an exciting industry to be in. Challenging due to international conditions and continuing changes in consumer behaviour. Innovative as new technologies are adopted across supply networks. Encouraging...
Opinion
Why the next PM should NOT slash fuel duty
...a leading official at the International Monetary Fund (IMF) said tax cuts would be a mistake and could fuel inflation. And in a recent report by think-tank the Resolution Foundation,...
Opinion
A New Year’s wish for joined up thinking for fuel distribution
...subject to the Mineral Oils Tax. This decision now needs to be followed with a clear understanding of how biofuels could, and should, contribute to Ireland’s overall decarbonisation of heating....
Interview
A Day in the Life – Vicky Darch of Darch Oil
...taxi’, getting my daughter to her dad’s for breakfast and my son to his secondary school and then I will make my way to work to start for 8.30am. As...
News
Views on the government’s plans to abolish the red diesel subsidy
...reach net zero by 2050, it is expected that taxes will be used to move fuel users away from fossil fuels. Removing the red diesel subsidy would raise around £2.4bn...