What kind of chemistry do you have with your car? Love it? Loathe it? Let us know and you could win a £300 John Lewis voucher | No thanks

Budget 2015: Fuel duty continues to remain frozen

Published 08 July 2015

In his second budget of 2015 - but first in a solely Conservative Government - the Chancellor of the Exchequer George Osborne has announced that fuel duty will remain frozen at 57.95 pence-per-litre

Fuel duty has not increased since 2011, when Labour’s fuel duty escalator was scrapped. The Government collected almost £27bn in taxes from fuel over 2014-2015.

The average price of petrol is currently 117.1 pence-per-litre - an increase of 5p since March - while diesel costs 120.4 pence-per-litre.

Fuel prices took a nosedive in early 2015, but have since started to increase. The average price of petrol is currently 117.1 pence-per-litre - an increase of 5p since March - while diesel costs 120.4 pence-per-litre.

Of course choosing premium fuels - which we recommend for new cars - will cost you even more. The average price of a premium unleaded - like Shell V-Power - is 126.3 pence-per-litre.

That is still down significantly on last year. In July 2014 the average price of petrol was 131.6 pence-per-litre, while diesel cost 136.1 pence-per-litre.

Comments

Add a comment

 

Ask Honest John

Value my car