MPs discuss fuel price cap

[Paphos Life]

Parliamentarians on Tuesday discussed a legislative proposal to cap fuel prices, a drastic move as petrol at the pump continued rising and is fast approaching €2 a litre. ...

Read the article and chat about it below...

[Dominic]

There are various factors affecting the price of fuel at the pumps. Obviously cost of oil is one, but the biggest chunk is taxation. Surely the government can put a cap on the tax level immediately. They can then deal with the fuel companies and possible profiteering. And I don't mean knock 10 or 20p a litre off tax. I mean set a physical maximum levy per litre. Picking an arbitrary figure, lets say a max of 1 euro per litre tax on fuel. That way, any further increase in crude prices will have a lower affect on pump prices, and profiteering will be more visible.

[lin n vic]

If you were raking in loads of money through tax on fuel would you reduce the tax I think
not.
Vic

[Paul]

If they reduce the tax then the garage owners will put in on for them self’s.

And then say people are already paying that price.

And line there pockets more!

[Uncle D]

The price of heating diesel keeps rising yet they can't be selling much therefore not buying much.