Stewart Hosie MP

A freeze in fuel duty is the minimum action the Treasury must take the SNP said today (Tuesday) as the party, which has continually pressed for the introduction of a fair fuel duty regulator since 2005, said the UK Government must deliver a permanent stabilisation measure to bring down costs for households and businesses.

SNP Treasury spokesperson Stewart Hosie MP said: “The country is crying out for action to bring down fuel prices, and a freeze in fuel duty is the minimum action the Treasury must take.

Record fuel prices are hindering recovery and we need a permanent stabilisation measure to bring prices under control.

“In July 2008, George Osborne launched plans for a ‘Fair Fuel Stabiliser’, describing it as a ‘common sense plan’. As well as being common sense, it is unanswerable and fair for Scotland, given that we pay among the highest fuel prices in Europe even as Scottish oil revenues surge into the UK Exchequer. The problem with the Tories plan is that they launched a dangerous smash and grab raid on the North Sea to pay for it which was the wrong thing to do.

“With record North Sea oil and gas revenues flowing to the Treasury this year, we need to see some of that money used to bring fuel prices down and to keep them stable through a fuel duty regulator.

“The SNP have consistently called for the introduction of a fuel duty regulator, in contrast the only measure Labour introduced was the fuel price escalator that increased the misery for motorists.

“The Tories and Lib Dems promised action before the election. They have the money  Scotland’s oil money – and the powers to deliver.

“If Westminster will not act, the powers should be passed to the Scottish Parliament so that it can. If Scotland had control of fuel duty, the SNP government would introduce a fuel duty regulator to lower prices now.”