Conservatives promise (temporary) 10p cut in fuel duty

The Conservatives will promise to cut around 10p off the price of petrol if they come to power in next month's election.

Plans for a 'fuel duty stabiliser' are expected to be included in the party's manifesto, which would temporarily cut prices at the pump to shield motorists from fluctuations in the cost of oil.

The Daily Telegraph reported that the proposal would be funded by increased taxes on the oil companies when wholesale prices go up.