A planned fuel duty hike was scrapped today as Chancellor George Osborne delivered his fourth budget.
Building on the freeze he announced in his last budget in December, the Chancellor cancelled an increase planned for September and said petrol will be 13p a litre cheaper than if he had not frozen the duty for the past two years.
The Chancellor’s decision does not mean the cost of fuel will come down – only that the tax on it will not increase.
The news was greeted with delight by motorists who have been hit by the ever-rising cost of trips to the forecourt.
Miranda Schunke, spokesperson for car insurers Green Flag, welcomed the decision. She said: "Household budgets are already being stretched to the limit with the spiralling cost of living.
"While the cost of motoring is a constant concern, it will be a relief to millions of motorists that there is some respite against the escalating financial burden of owning and running a car."