[an error occurred while processing this directive]
[an error occurred while processing this directive]
On-Air Now
Facebook

Good news for drivers - bad news for Treasury

Wed, 30 Nov 2011


Manx motorists have been spared the pain of a further increase in petrol prices in the New Year.

Fuel duty had been due to go up by 3p a litre from 1st January.

The UK Chancellor has now cancelled the rise, which would have also applied to the Isle of Man.

A further increase of 5p that was due to come in next August, has been reduced to 3p.

It may be good news for drivers, but the Isle of Man Treasury isn't welcoming the news.

The increase would have made the government around £1.3m better off next year.

Minister Eddie Teare says it presents a further challenge as they strive to re balance the budgets.

 

 


 

Subscribe to get Energy FM News direct to your mobile device

You can get Energy FM News delivered direct to your mobile device using one of the following methods.

  • In the Apple News App on iOS search for Energy FM IOM and then just add it to your favourites
  • In the Google News & Weather App just search for Energy FM and then add us as a customised section
  • If you use an RSS Reader then just add our feed to your app, click here for our news RSS feed
More News Stories
[an error occurred while processing this directive]

News Archive