Fuel prices hit new records ahead of spring statement
The IndependentGet the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Pump prices hit new record highs ahead of Chancellor Rishi Sunak’s potential announcement of a fuel duty cut in his spring statement. Mr Sunak is reportedly gearing up to announce a temporary cut in fuel duty of up to 5p per litre in Wednesday’s spring statement. “This is why we fear a fuel duty cut by the Chancellor in the spring statement could be swallowed up by retailers to the detriment of hard-pressed drivers. “A VAT cut would be a far more flexible and powerful way of easing the pain for drivers.” Dr Doug Parr, policy director at Greenpeace UK, said: “The Chancellor should only cut fuel duty if he can make an equivalent cut to the costs of public transport, which offers more environmentally friendly support for those facing this cost-of-living crisis.”
History of this topic
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