Paul Jackson, managing director of fuel and mileage cost reduction company TMC, said:

"Good news and bad news on fuel costs for fleets. Good because another fuel duty rise was scrapped. Bad because its another sign that the Government thinks energy costs will rise still further in future. It's no longer a game of shaving pennies off the price of a litre. The signal from the Budget is that businesses will have to start looking hard at their mileage and expense bills."