driving a petrol car have been warned to brace themselves for a across the country is set to change. Fuel duty is a tax levied on fuels used by vehicles, including petrol and , and is currently set at 52.95p per litre following a temporary reduction introduced in March 2022.
This duty is payable on fuels used in vehicles, for heating, and other applications. However, the temporary 5p per litre fuel duty is set to expire on 22 March 2026. This means the change, which is likely to impact many households, will lead to a rise in petrol costs at the pump as well as diesel.
The Office for Budget Responsibility estimates that fuel duties will generate £24.3 billion in revenue during the 2024-2025 financial year, accounting for 2.1 percent of total government receipts.
says: "Motoring Expert Jonathan Such has issued an urgent warning about what this could mean for motorists, alongside practical, cost-saving tips that drivers can take now to reduce their fuel consumption."
Mr Such said: "The extension of the 5p fuel duty cut until March 2026 has provided some relief for motorists during challenging economic times.
"However, with the scheduled end of this cut, drivers could see fuel prices jump by at least 5p per litre overnight, adding significant strain to already tight budgets."
The expert has warned drivers motorists to start planning in advance before the fuel cost rise hits the market.
He added: "It's essential for motorists to start planning now, whether that involves budgeting for higher fuel costs, considering more fuel-efficient vehicles, or exploring car finance options that can help manage overall motoring expenses. "
Listing down a few steps to improve fuel efficiency, he said: "Simple measures such as maintaining proper tyre pressure, minimising time spent with the engine running while stationary, planning efficient routes and ensuring regular vehicle maintenance can make a significant difference.
"Additionally, adopting smooth driving habits and avoiding excessive speeds can further enhance fuel efficiency.
"Staying informed and proactive can make a real difference as we approach this potential change. Whether you're looking at financing your next car or managing your current costs, understanding these upcoming shifts in fuel duty is crucial for effective financial planning."
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