'Extreme' petrol and diesel prices break records as Easter will be 'costliest on record'

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Chancellor Rishi Sunak announced a fuel duty cut of five pence per litre on fuel, in a bid to reduce costs for drivers in response to record prices.

In response to this, the average petrol and diesel prices have so far fallen by 3.73p and 2.61p respectively since the Chancellor’s address to the Commons, which the RAC called “disappointing”.

Mr Williams continued, saying: “Drivers might well be feeling aggrieved that the Chancellor’s ‘historic’ fuel duty cut announced in the Spring Statement just two weeks ago has done nothing to protect them from price increases.

“A 5p cut in duty should, in theory, have led to a 6p cut in prices at the pumps as a result of the Government taking less VAT – but that is on the basis that wholesale prices stay still, which is hardly ever the case, and retailers passing on their reduced costs to driver fairly. 



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