Budget 2014: The government has confirmed fuel duty will remain frozen until spring 2015.
Chancellor George Osbourne cancelled the fuel duty increase planned for September in his 2014 Budget. This was previously announced in the Autumn Statement.
It means employees with company cars will save £11 every time they fill up their cars.
Paul Jackson, managing director of fuel and mileage cost reduction specialist at The Miles Consultancy, said: “Good news and bad news on fuel costs for fleets.
”Good because another fuel duty rise was scrapped. Bad because it’s another sign that the government thinks energy costs will rise still further in future.
”It’s no longer a game of shaving pennies off the price of a litre. The signal from the Budget is that organisations will have to start looking hard at their mileage and expense bills.”