Rachel Reeves has spared millions of drivers a hike in fuel duty in her Autumn Budget . Fuel duty has been frozen since 2011 and was then cut by 5p to its current rate of 52.95p per litre. The Chancellor also confirmed she will extend the 5p cut beyond March 2025, when it had been due to come to an end. Fuel duty is a tax that is levied on petrol, diesel, natural gas and other fuels in the UK. Petrol prices reached a record high of 191.5p per litre in the summer of 2022 following the Russian

Tag-uri: Petrol