Treasury hints that Fuel Duty rise will be delayed despite Commons vote

14th November 2012 | News

The government still remains likely to delay a three-pence-per-litre rise in fuel duty in next month's Autumn Statement, according to the Treasury.

Sajid Javid, the Economic Secretary to the department, suggested that action would be taken on the planned rise, which is due to come in next January after being pushed back from August this year.

While the government won a Commons vote in favour of keeping the fuel duty rise in place for the start of next year, Chancellor George Osborne could still push it back further in next month's Autumn Statement.

Mr Javid explained: "The government is doing all it can to help hard-working families with the cost of living and putting money back into their pockets. Action on fuel duty is part of this.

"Fuel duty is currently 20 per cent lower in real terms compared to its peak in March 2000 and seven per cent lower compared to May 2010."

Mr Osborne will deliver his Statement on December 5th at 12.30pm, but you can find TaxAssist Accountants' predictions on what it will contain by clicking here.

Posted by Thomas Fletcher