Fuel Price Stabilizer Looks Unlikely, Fears of Strikes Rise

The Prime Minister David Cameron has come under increasing demands this week to stand by his promise to alleviate the increasing price of fuel. As the price of petrol reaches nearly £1.30 litre, talks of strike action grows.

This ‘stabilizer’ was announced last year when fuel prices were 10ppl less than they are now.

The Prime Minister is alleged to have commented ‘he did not want to ‘raise hopes’ on this ‘difficult issue’. There are fears that if action is not taken rapidly, disastrous repercussions could occur as experienced in the year 2000.

The plan which is supported by a number of senior government officials and business figures would ensure that as the price of oil increases, fuel duty will lower and return once the price of oil levels back out again. The policy was put aside on the creation of the coalition government.

Many people feel the policy has been disregarded unfairly and questions about it have been avoided by the government; motorists feel they are paying the price by absorbing all the financial burden.

The Prime Minister is alleged to have acknowledged the anxiety of fuel prices, however he also expressed that he does not want to boost motorists hopes and expectations of preventative measures being put in place.  Other MP’s urge Cameron to take drastic steps now.

Warnings from a number of sources state the  UK could be at risk of  huge country wide protests during February 2011.

The government has reacted to this threat by confirming that a stabilizer plan is a possibility, but critics state this is unlikely as it will cost the economy too much.