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Chancellor happy to 'engage' with calls to cut fuel duty as drivers pay £5 extra for tank of petrol


Kwasi Kwarteng pleased to ‘interact’ with name to chop gasoline responsibility as drivers set to pay £5 additional for a tank of petrol because of falling worth of sterling

  • The brand new Chancellor stated he was pleased to ‘interact’ with calls to chop gasoline responsibility
  • It comes because it emerged drivers are paying an additional £5 for a tank of petrol 
  • Yesterday in a bleak day for markets the pound hit its lowest degree in 37 years 

Kwasi Kwarteng stated he was pleased to ‘interact’ with a name to chop gasoline responsibility, because it emerged drivers are paying an additional £5 for a tank of petrol due to the autumn within the worth of the pound.

Evaluation by the AA discovered the worth of petrol at UK forecourts could be ‘at the very least’ 9p a litre cheaper if the pound had maintained its mid-February worth of $1.35, as an alternative of this week’s degree of $1.14. Yesterday, it fell to $1.09.

The distinction in pump costs is including round £4.95 to the price of filling up a typical 55-litre household automobile.

Kwasi Kwarteng (pictured) stated he was pleased to ‘interact’ with a name to chop gasoline responsibility, because it emerged drivers are paying an additional £5 for a tank of petrol due to the autumn within the worth of the pound

After the Chancellor unveiled his mini-Finances within the Commons, Conservative MP Robert Halfon requested him if on the subsequent Finances he may ‘please do all the pieces he can to chop gasoline responsibility’.

Mr Kwarteng replied: ‘I’d be very pleased to have interaction my proper honourable buddy on that.’

Pump value financial savings from the price of oil dropping again to the place it was earlier than Russia invaded Ukraine are being ‘severely undermined’ by the weak spot of sterling, the AA stated.

Analysis by the AA found the price of petrol at UK forecourts would be ‘at least’ 9p a litre cheaper if the pound had maintained its mid-February value of $1.35, instead of this week’s level of $1.14. Yesterday, it fell to $1.09

Evaluation by the AA discovered the worth of petrol at UK forecourts could be ‘at the very least’ 9p a litre cheaper if the pound had maintained its mid-February worth of $1.35, as an alternative of this week’s degree of $1.14. Yesterday, it fell to $1.09

A spokesman stated: ‘The affect of the alternate fee is usually neglected when drivers examine oil value actions with these on the pump. 

‘Oil and gasoline on commodity markets are traded in {dollars}, which makes the weaker pound very unhealthy information for motorists.’

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