The government has announced that the 3.02 pence per litre (ppl) fuel duty increase that was due to take effect on 1 January 2012 will be deferred to 1 April 2012.
The inflation increase, which was planned for 1 August 2012 and was expected to be in the region of 1.92ppl, will be cancelled.
This will mean there will only be one retail prices index (RPI) increase next year.
On 1 August 2012, the duty rate for leaded petrol will change by the same monetary amount as main fuel duty.
Meanwhile the duty differential for liquefied petroleum gas will be maintained until 1 August 2012 when it will be reduced by 1ppl.
The government will publish details of the fair fuel stabiliser, unveiled in this year’s Budget report, at the 2012 Budget.
Read more news from the Autumn Statement 2011