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Where to find the cheapest fuel in Merseyside as petrol costs reach nine year high

Liverpool Echo logo Liverpool Echo 16/10/2021 Zoe Peck

Ministers have been urged to consider cutting VAT on fuel as petrol prices hit a nine-year high.

The RAC said the average price of a litre of petrol at UK forecourts has reached 140.22p.

That is the highest level since September 2012, and is only 2p off the record high that occurred in April of the same year.

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Prices have now gone up by nearly 26p a litre in just 12 months, driven by a doubling in the cost of a barrel of oil to 83 US dollars.

The RAC said the rising cost of oil means drivers are now paying 4p per litre more in VAT than a year ago.

In Merseyside as of October 11, the cheapest unleaded fuel is 127.9p from Costco on Waterloo Street, Liverpool according to Petrolprices.com.

Joint second cheapest for unleaded was Asda on Orrell Lane and Morrisons on Telegraph Way in Kirkby at 130.7p per litre.

Costco on Waterloo Street is also the cheapest for diesel at 133.7p per litre.

The second cheapest for diesel was again Telegraph Way Morrisons at 134.7p per litre.

The most expensive unleaded is 144.9p per litre from Park Lane Filling Station on Park Lane West in Bootle.

The most expensive diesel in the region is again at Park Lane Filling Station at 148.9p per litre.

September's switch to E10 petrol - which increased the biofuel content - added around 1p per litre to UK average prices.

RAC fuel spokesman Simon Williams said: "Our data shows we haven't seen the petrol price at this sort of level since September 2012, and we're now worryingly close to the all-time average UK price high of 142.48p that was hit in the same year.

"At a time when households and businesses are facing spiralling prices in other areas, this is a huge concern."

Mr Williams urged ministers to consider reducing VAT on fuel.

He said: "We call on the Government to take action and do whatever it can to help ease the burden on drivers.

"While the cost of oil has more than doubled in a year, the price drivers pay at the forecourt is compounded by the fact there is nearly 58p in fuel duty charged on every litre.

"And, on top of the delivery cost and the retailer's margin, you've then got VAT which currently accounts for 23p a litre."

He added: "It might be most effective for the Government to consider temporarily cutting the level of VAT on motor fuel to help hard-pressed drivers."

The RAC does not believe the recent panic buying of fuel contributed to price increases.

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