£7.5bn boost from fuel tax freeze

Updated
File photo dated 15/08/13 of a person using an Asda petrol pump as motorists are getting some new-year cheer, with supermarket Asda lowering its fuel prices and rivals expected to follow suit later. PRESS ASSOCIATION Photo. Issue date: Monday January 13, 2014. From tomorrow, Asda will be cutting the price of petrol and diesel by up to 2p a litre. The company said the new prices would mean motorists paying no more than 126.7p a litre for petrol and 133.7p a litre for diesel. See PA story TRANSPORT Petrol. Photo credit should read: Nick Ansell/PA Wire

%VIRTUAL-SkimlinksPromo%Halting fuel duty rises will boost the economy by up to £7.5 billion over 20 years, according to the Treasury.

The Government has stopped planned increases, including one due to come in this month, which means duty is around 20% lower than it would have been, it said.

Advertisement