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Autumn Statement 2016 fuel duty may be frozen for another two years

PHIL UP FOR LESS

Instead of the planned 2p-per-litre rise on fuel duty the Chancellor is expected to freeze it again until 2018

CHANCELLOR Philip Hammond is expected to continue the freeze on fuel duty in his first Autumn Statement later today. Instead of the planned 2p-per-litre rise in fuel duty, due to come into force in April, he will freeze the duty again until April 2018.

The Chancellor is expected to freeze fuel duty again until 2018 The Chancellor is expected to freeze fuel duty again until 2018

The hike would have put ?1.36 on each tank, adding hundreds of pounds a year for drivers. Fuel duty has been held at 57.95p per litre since the March 2011 Budget, when it was cut by a penny.

As The Sun revealed last week, campaigners are pushing for a 3p cut to fuel duty as they argue that it will pay for itself in the extra stimulus to the economy that it creates. FairFuel UK campaign founder Howard Cox: “If Mr Hammond does freeze duty again next week, it would mean he is continuing George Osborne’s good work.


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Chancellor Philip Hammond to cancel his 2p-a-litre fuel duty hike


“For low-income families and haulage companies that might have 50 trucks, this has a huge impact on their bottom lines. Motorists have been hammed by rising petrol prices over the last few months since the vote to leave the European Union.

Three ways to cut down your fuel costs

Even though fuel prices are rising there are some ways to keep down costs.
1. Make your car more fuel-efficient You can do this by keeping your tyres inflated, taking the roof rack off, emptying your car of clutter and turning off your air con when driving at lower speeds.
2. Drive more efficientlySome ways to do this, include:
– Accelerate gradually without over-revving
– Always drive on the highest possible gear
– If you can, allow your car to slow down naturally as your brake is a money burner
– Re-starting your car is expensive, if you can keep moving
3.

Find the cheapest fuel prices Use PetrolPrices.com[1]. All you need to do is enter in your postcode and tell it how far you want to travel (up to 20 miles). However, last week Sainsbury’s, Tesco, Asda and Morrisons slashed their prices by up to 3p per litre, bringing light relief for drivers.

You can now fill up for below ?1-a-litre across the country at Morrisons, for the first time since the Brexit vote. The supermarket is running a promotion giving customers 10p off a litre when they spend over ?50.
It is available at the retailer’s 333 forecourts and diesel car drivers also get the 10p a litre saving taking them to just above the ?1-a-litre mark, until 3 December.


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References

  1. ^ PetrolPrices.com (www.petrolprice.com)



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