The Government has chosen to extend the freeze on fuel duty into its eighth year in a bid to help motorist save money at the pumps. The announcement was made by the Chancellor Philip Hammond during today’s budget.
Mr Hammond told MPs in the House of Commons that a total of £46 billion has been spent by the Treasury since 2010 on the fuel duty freeze.
As a result of this policy, the average car driver saves around £130 a year compared to pre-2010 fuel duty escalator plans, and the average van driver will save £350 per year.
Dame Caroline said, “I know that many of my constituents will welcome an extension to the freeze on fuel duty which has saved car owners around £800 since 2010.
“This will be particularly useful for young and newly qualified drivers who are often in receipt of much higher vehicle running costs than older, more experienced road users”.