Jeremy Hunt freezes fuel duty for the 14th year in a row - and extends the 5p ... trends now
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The Chancellor today announced a freeze on fuel duty for the 14th consecutive year and extended the 'temporary' 5p cut in the rate for another 12 months.
In a bid to show he is on the side of ordinary motorists, Jeremy Hunt used his Budget to announce the £5billion package for drivers.
'This will save the average car driver £50 next year,' he told MPs.
The 5p cut in fuel duty was introduced by Rishi Sunak when he was Chancellor in 2022 after oil prices were sent soaring by Russia's invasion of Ukraine.
It was meant to last for only a year but was renewed again last March.
Treasury officials had pushed to scrap it after a drop in pump prices but this idea was vetoed by Mr Hunt as politically untenable.
