Fleet News

Fuel duty increase postponed

The chancellor, Alistair Darling has announced that he is postponing the 2p per litre increase in fuel duty that was due to come into force on October 1.

As a result of this decision, main road fuel duty rates will remain at 50.35p per litre.

The treasury were keen to point out that fuel duty rates are 17% lower in real terms than in 1999.

Increases in road fuel gases, biofuel duty rates and rebated oils rates will also be postponed.

Mr Darling said: "The global credit crunch and sharp rises in world oil prices have pushed up prices at the pump.

"The decision will help motorists and businesses get through what is a difficult time for everyone."

"Postponing the planned increase in fuel duty is also consistent with the Government's commitment to support the Bank of England in maintaining low inflation."

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