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The Guardian

UK pump prices at three-year low, but fuel duty increases expected in October budget

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Labour is expected to roll back the Conservatives’ 5p duty cut in the autumn statement, which would be the first increase since 2011Petrol and diesel pump prices in the UK have fallen to their lowest levels in nearly three years, but drivers should expect a first rise in fuel duty for 14 years in next month’s autumn statement.According to the AA, the average price at petrol pumps dropped to 139.5p a litre on Wednesday for the first time since October 2021, four months before Russia’s invasion of Ukraine triggered a global oil market rise. Continue reading…

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Source link : https://www.theguardian.com/politics/article/2024/sep/05/uk-pump-prices-at-three-year-low-but-fuel-duty-increases-expected-in-october-budget

Author : Jillian Ambrose Energy correspondent

Publish date : 2024-09-05 14:09:24

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Tags : The Guardian

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