Labour have extended the 5p cut to fuel duty for a further six month in today’s Autumn Budget.
The government have also deferred the planned Retail Price Index (RPI) increase to 1st July 2027, in a move it claims will support businesses and households.
The decisions on fuel duty is said to save the average car driver £230, the average large goods driver £472 and the average heavy goods driver almost £4000. Labour say this means petrol and diesel will be 15p per litre cheaper from April 2027.
EVs and the availability of charging has been a hot topic recently, as more drivers are switching to electric.
However an investigation by Close Brothers Motor Finance (CBMF) revealed that 52% of drivers surveyed never use public charging points, due to concerns surrounding cost, availability and reliability.
As a part of the budget, the prices at local, lower-powered public chargers will be reduced. This aims to minimise costs for EV drivers, which the government claims will save them an average of £150 per year.
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