Fuels: Excise Duties

(asked on 11th March 2026) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what her policy is on the annual uprating of fuel duty by inflation.


Answered by
Dan Tomlinson Portrait
Dan Tomlinson
Exchequer Secretary (HM Treasury)
This question was answered on 19th March 2026

Rates will only gradually return to early 2022 levels by March 2025.

At Budget 2025, the Government extended the 5 pence–per litre cut for a further five months, until the end of August this year. The Government has also cancelled the increase in line with inflation for 2026/27; instead, rates will only gradually return to early 2022 levels by March 2027. The 5p cut was introduced at following Russia’s invasion of Ukraine in 2022, when prices reached a peak of over £1.90 per litre.

Since Budget 2024, the Government's decisions to freeze fuel duty will save the average motorist over £90 – or 8-11 pence per litre – compared to the plans inherited from the previous government.

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