Motorists who fill up at supermarkets such as Tesco, Morrisons, Asda and Sainsbury's have been issued a warning. Petrol and diesel drivers face a hike under a potential new rule change coming under the Labour Party government. On October 30, Chancellor Rachel Reeves could make fuel duty changes in the Budget.
Experts have slammed reports that the Chancellor could be planning to hike the level of fuel duty by 7p. 🚨SMF welcomes possible fuel duty rise #Budget2024 ⛽️As we’ve highlighted, government has foregone £130bn to date, with loss rising to £200bn by 2028 - while only saving the typical household £13 a month on motoring costs. 👇Hear more from transport policy lead @gideonsalutin pic.
twitter.com/J6gQGcrLrk — Social Market Foundation (@SMFthinktank) October 18, 2024 According to a Whitehall source, officials have told Chancellor Ms Reeves that it is "now or never" on fuel duty, the Mail reported. Other publications such as The Daily Express and Guardian have also reported the fuel duty hike.
The Chancellor was warned that "if she doesn’t act to end the freeze now she will find it much harder to do so later in the parliament". Paul Barker, editor of Auto Express , said a "reported 7p rise in fuel duty" would be a "major blow" to drivers who continue to struggle with the cost of living crisis. Barker added: "With the average car needing refuelling every eight days, this hike would increase the cost of each fill-up by nearly £4 - around £175 per year in ext.
