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Doubt for Biofuel in the UK

Currently the UK government is planning to scrap the 20 pence per litre fuel duty saving in comparison to regular fossil fuel. Industry insiders have said that this will have a huge impact on the present levels and continued growth of Biofuel use with the UK, particularly for haulage operators.

The current tax break and concerns over the environmental impact of fossil fuels have seen biodiesel usage rise year on year. However with an increased tax levy, this trend could be reduced. The government is gambling on increase tax revenues which should stack up to over half a billion pounds per year, if usage remains unchanged. However the danger is that hauliers and road transport operators will switch to regular diesel, once the tax benefits have been removed. This would harm the government’s targets for renewable energy for commercial road transport and the environment.

If you drive a Lorry of 7.5 tonnes, or more you could save money on your HGV insurance, when you visit iQuote insurance. Speak to the iQuote advisors about a Truck Insurance Policy and you will receive expert advice and a policy tailored to your requirements.

 
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