3.10.2018Fuel duty to be frozen in coming budget
Fuel duty will be frozen when the Autumn Budget 2018 is announced later this month, with the news set to be confirmed by the Prime Minister at the ongoing Conservatory Party conference.
The move will see fuel duty frozen for the ninth year in a row, and is intended to help ease costs for drivers at a time of high petrol and diesel prices at the pumps.
Tax on petrol and diesel will remain at 57.95p per litre, and the freeze will cost the Treasury billions in lost revenue. However, drivers and motoring groups are welcoming the news as average prices in the UK are more than 130p per litre for petrol, and around 134p per litre for diesel.