Spring Budget 2022: what does it mean for motorists?

Fuel duty will be cut by 5p per litre from 6pm this evening, announced as part of today's SpringStatement – here's what you need to know.

and £1500 for lorry drivers, compared with the cost of filling up if fuel duty had risen. It's a saving, the Government says, worth £5 billion in total.

Prices have been rising by 1p or more each day in recent weeks, while earlier in March, diesel had its largest daily increase since 2000. Ahead of the budget, 50 Conservative MPs echoed the call to cut fuel duty. Today's cut doesn't help the rising number of drivers ofThe price of petrol has been high throughout February and March as a result of the Russian invasion of Ukraine. The UK imports 6% of its crude oil from Russia, and prices here are affected by global costs rising.

However, there have been concerns raised that only wealthier households would benefit from a lower price of fuel. Indeed, the AA Foundation reports that more than a third of the poorest households in the UK don't own a car at all.

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