PRA welcomes Budget’s fuel duty freeze, ‘disappointed’ no cut
The Petrol Retailers’ Association has welcomed the chancellor’s Budget announcement that fuel duty will be frozen, while expressing disappointment that there was no cut. Brian Madderson, chairman of the Petrol Retailers Association comments: “The PRA has been lobbying Government and the Treasury on the subject of fuel duty, so it is good news to hear the chancellor’s announcement.
“However, the PRA feels disappointed that the Chancellor has ignored both ours and many other motoring organisations pleas to cut duty by at least 2p per litre. This would be a positive move which would boost the economy and improve household expenditure.
“While oil prices are expected to stay low, the oil market is notoriously hard to predict so there is always the chance that fuel prices will be considerably higher by the time of the Budget in March 2016 and any increase in duty would therefore have a negative effect on the economy.”