Cancellation of fuel duty rise announced
The Chancellor in his Budget has confirmed the cancellation of the fuel duty rise scheduled for September.
The confirmation of the rise will be music to the ears of small businesses and SME firms running small fleets.
It will help contain running costs, already helped by the lower rate of fuel prices at the pumps. Currently these are 128p per litre (581.9p per gallon) on petrol and 135p per litre (613.7p per gallon) on diesel at supermarket prices (source AA fuel price report, February 2014).
However, the Chancellor did not take the chance to lower fuel duty either, something which the FTA had wanted to help van delivery and freight transport costs.
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