Fuel Duty Increase deferred
Thursday 08 December 2011 | By Colin WingfieldBack to Newsroom
In his recent Spending Review, the Chancellor, George Osborne has deferred the 3.02 pence per litre fuel duty increase (ppl) that was due to take effect on 1st January 2012 until August 2012.
By also abandoning the inflation increase that was intended for August as well, this will mean that there will only be one RPI increase during 2012.
In August 2012, the duty rate for leaded petrol and compressed natural gas will change by the same monetary amount as the main UK fuel duty. The duty differential for LPG will be maintained until 1st August 2012, when it will be reduced by 1 ppl.