Fuel duty: the rise and now fall

Tory Chancellor George Osborne is considering cancelling the new fuel duty due to take its toll on motorists from April.

Motorist organizations have pressured the government into a rethink about the planned rise, as the price of petrol has already risen to £1.30 owing to high global oil prices and the VAT increase.

Prices would rise another penny under the planned hike, but Osborne has intimated that the Government may axe it, telling the BBC: ‘We can override it. We are looking at that.’

This might happen at the next budget, which takes place on March 23rd: ‘We can override it. We are looking at that, the Chancellor said, before adding: ’If we are able to do something about it we will do it before April.’

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