You are here: Home page > This week > News
Fuel cost rise announced in Budget
22/03/2012Motorists will be on the lookout for a cheap car insurance deal after Chancellor George Osborne dashed their hopes of avoiding another petrol pump increase.
Mr Osborne refused to defer the fuel duty rise scheduled for August when he announced his Budget for 2012, in a move that dismayed motoring groups.
The Chancellor also revealed that vehicle excise duty would rise in line with inflation, except for hauliers for whom it will be frozen.
On average, petrol currently costs 139.67p a litre, while diesel is priced at 146.39p a litre. But this will now increase by an extra 3.62p in August.
National spokesman for campaign group FairFuelUK, Quentin Willson, said: "The Government has turned its back on families and businesses all across the country - three-quarters of the electorate who want lower fuel prices."
Copyright © Press Association 2012.
Tweet
