UK pump prices at three-year low as fuel duty hike looms

Labour expected to roll back Conservatives’ 5p duty cut in the autumn statement in first increase since 2011

Petrol and diesel pump prices in the UK have fallen to their lowest levels in nearly three years, but motorists should expect a first rise in fuel duty for 14 years in next month’s autumn statement.

According to the AA, the average price at petrol pumps dropped to 139.5p a litre on Wednesday for the first time since October 2021, four months before Russia’s invasion of Ukraine triggered a global oil market rise. Continue reading...