News & Features

Fuel Duty cut by 5p per litre

Posted in General News on Thursday, March 24th, 2022

Chancellor Rishi Sunak announced in his Spring Statement that he would cut Fuel Duty by 5p per litre immediately for the next year. This reduction has been welcomed by many to help the public combat the rising cost of living crisis.

Fuel Duty accounts for roughly a third of the price of a litre of fuel and has been frozen at 58p per litre for the past 11 years. Consumers will then pay 20% VAT on top of this. According to the RAC a typical fuel tank is 55 litres so this will be a cost saving of £3.30 every time you fill up.

However, since his Spring Statement in 2021 the average cost of petrol has increased by 40p per litre because of the global increasing price of oil. This increase means that the government were already making 7p more per litre than they were in spring 2021. Meaning that even with this cut to Fuel Duty the government is still making more money in the taxation of fuel than they were last year.

Heidi Turner, DMUK Communications and Campaigns Director, said: “DMUK welcomes the actions announced by the Chancellor to help the public combat the rising cost of living. However, the reality is that even with this cut to Fuel Duty the government is still making more money from fuel sales that it was this time last year. This cut is a drop in the ocean for many, particularly disabled people who already face a higher cost of living than non-disabled people, and are more reliant on their personal vehicles because of inaccessible public transport.”

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IanBrimelow 's Gravatar
IanBrimelow

Friday, March, 25th, 2022

Those with proven mobility related disabilities should be allowed access to cheaper fuel I.e. red diesel. We have to use our vehicle for even the shortest journey for the most basic of tasks.

Christopher Kay's Gravatar
Christopher Kay

Friday, March, 25th, 2022

Filled up yesterday with £44 worth of diesel plus £27 taxes = £71 so a whopping great big saving of £2.20p and if it wasn’t for the massive cut in fuel duty I would have paid £29 taxes. Anyone remember when the Tories prided themselves on being the party of lower taxes, what a laugh.