Fuel Duty Freeze - We Finally Have Cheaper Fuel?
posted on Oct 01 2013 by Jade Hensby
George Osborne, the Chancellor of the exchequer , announced that fuel prices will be frozen until 2015, with a catch: if the savings can be found to pay the difference for us. While the sound of cheaper fuel will brighten up all motorists day there are still other factors to consider and this is what will be discussed in todays blog. Exactly how is our money being spent
Freeze Fuel Duty was first brought to our attention by the Chancellor during his speech at the conservative party conference in which he stated that Provided we can find the savings...I want to freeze fuel duty... but is this a political move The 2p -a-litre planned rise that was due in September 2014 would essentially be cancelled if funds were found, while conservatives would become popular just in time for the General election of 2015.
While the government are raising hopes of cheaper fuel, the superstores are putting words into action. Sainsburys had a huge 6p-a-litre cut from the price of unleaded fuel- prompting a fuel war amongst the superstores with Asda hitting back first by confirming it would cut its own fuel prices by a further 3p-a-litre on unleaded and 2p-a-litre on diesel- making it cheaper than Sainsburys once more.
But while this is all well and good, we need to look at the bigger picture. Motorists pay 45 billion in motoring taxes, and yet only 9 billion of that was put back into the roads. So heres our question- if we are paying money on fuel and tax, why are we not seeing much in the way of return, especially now that were being told we are not overpaying for our fuel
One solution for cheaper tax would be to lease a new car. With new cars, their efficiency means that you pay less tax each year than you would for an older car that has a higher co2 emission rate. With diesel prices being noticeably cheaper than petrol, you can start to seriously save some money if you lease a new diesel car from Lease Your Next Car.com. Why not take a look at our range of diesel cars to lease - simply select your prefered fuel type.