Chancellor considers cancelling April fuel duty increase

Chancellor George Osborne has admitted he is thinking about withdrawing the fuel duty rise that is due to start in April.

With the cost of a litre of unleaded fuel now approaching the £1.30 mark because of the rising price of oil globally and the increase in VAT to 20 per cent introduced at the start of the year, the Government has been under pressure to cancel the fuel duty rise that would add another one pence to the price of a litre.