First coalition Budget rules out fuel duty rise
22 June 2010 15:57:57
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| Osborne has decided not to hike fuel duty. |
Speaking to the House of Commons earlier today (June 22nd), Mr Osborne confirmed that his Budget "includes no new increases in duties on alcohol, tobacco or fuel".
He also revealed: "We are examining the impact of sharp fluctuations in the price of oil on the public finances, to see if pump prices can be stabilised. We will also look at whether a rebate for remote rural areas could work."
Drivers may have been spared a rise in fuel duty at the present time, but a spokesman for breakdown cover firm The AA warned that motorists are still likely to be hit in the near future.
AA president Edmund King claimed that motorists will face a "double whammy" in the new year, in the form of previously announced increases in fuel duty and the forthcoming rise in VAT to 20%.
"We estimate that taking all the increases into account, motorists will, by January, be paying 4.63p a litre more for petrol and 4.68p a litre more for diesel than they are now," Mr King revealed.
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