Rachel Reeves petrol and diesel car plan blasted | Tech News
The Tories launched the 5p cut in 2022 after Russia’s invasion of Ukraine set fuel prices spiralling. Under the plans, Labour will oversee a 1p per litre rise in fuel obligation from September 2026, adopted by a additional 2p per litre rise in December 2026 and one other 2p per litre hike in March 2027.
However, there’s now concern that disruption to oil reserves in Iran may result in a dramatic rise in the fee of petrol and diesel costs. Despite this, the Chancellor caught to her weapons, prompting some destructive response from consultants throughout the motoring industry. Auto Express client reporter Tom Jervis mentioned the motion needs to be “paused” if fuel costs increase quickly.
He mentioned: “The Government needs to get serious about controlling the cost of running the cars that so much of the nation relies on. The proposed ‘unwinding’ of the 5p fuel duty cut from September would be a further kick in the teeth, and that should be paused if fuel prices continue to rise.”
Although the PRA burdened that they welcomed the announcement that the 5p fuel obligation cut will not less than be prolonged till the top of August 2026.
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The organisation continued to call out the Chancellor for not going additional, stressing that the rise in prices would affect households throughout the UK.
Gordon defined: “The failure to make the cut permanent and the announcement of its phasing out by March 2027 will significantly increase the financial burden on motorists with the expectation of steep rises in fuel cost in September 2026. This increased burden on families, as well as hauliers and delivery firms, will push up the price of food, goods and services across the economy.”
They added: “FairFuelUK continues to call on Rachel Reeves to cut Fuel Duty, but at the very least keep it frozen for the lifetime of this parliament.”
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