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UK government freezes fuel duty again in the 2014 Budget

Chancellor George Osborne has confirmed that number 10 will continue to freeze fuel duty in his annual Budget statement today. To date, fuel duty has been frozen for over four years and will remain at  57.95p per litre of fuel. Mr Osborne

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Fuel prices could go on the rise as world oil demand increases

The oil cartel Opec has upgraded its forecast for world oil demand raising concerns that motorists could soon be paying more at the pumps. The cartel which represents 12 of the world’s leading oil producing nations has expects oil consumption to

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Fuel duty increase scrapped for 2014

The UK Chancellor, Mr George Osborne has confirmed that the planned 2014 fuel duty increase will be scrapped. The news, revealed in his Autumn Statement could save motorists 20p on every litre of petrol compared to the rises planned under Labour’s

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UK Government “promises” to freeze fuel duty until May 2015

In what many have seen as a “populist” move, the UK chancellor George Osbourne has promised to freeze fuel duty until May 2015. The move, announced today at the Tory conference in Manchester wasn’t without its caveats, Mr Osbourne went on

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UK fuel duty rise could be scrapped amid pressure from opposition and pressure groups

Pressure from fuel lobby groups such as FairFuelUK and the government’s opposition could see the planned 3p a litre fuel duty rise delayed or even scrapped if the chancellor backs down. The move to quell the planned duty increase has

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UK Budget is out… fuel duty cut by 1p tonight 6PM [update]

Speaking to House of Commons today, George Osborne confirmed that Fuel Duty will be frozen CUT by 1p a litre as of 6PM tonight. The fuel prices escalator had been set to add another 5p on a litre of fuel at the beginning of April, this has

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George Osborne hints that fuel duty maybe frozen

Chancellor George Osborne has told the BBC’s The Andrew Marr Show that he was “looking very carefully” at freezing the duty in Wednesday’s Budget. In todays interview Mr Osbourne  said he understood the pressure motorists were under from record-high petrol

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