The Chancellor of the Exchequer has cancelled Labour’s planned fuel duty rise in today’s Budget, saving 5.6 million motorists in the South East over £170 every year.
Because of the action we have taken, pump prices will now be 13 pence per litre lower than if Labour were in power. For a Vauxhall Astra that is £7 less every time families fill up the tank – or £9 less for a Mondeo. A van driver will save £340 per year and a haulier will save £5,200 per year.
Fuel duty will now have been frozen for nearly three and half years - the longest freeze in duty for over 20 years.
Michael welcomed the news, saying:
‘This is a Budget that is delivering for families who want to work hard and get on in life.
‘Scrapping another of Labour’s planned fuel duty increases will make a huge difference to the 5.6 million drivers in South East.
‘This Government has frozen fuel duty for three and a half years - longer than any Government in the last two decades - and saving the average family £7 every time they fill up their car.’