US EditionFuel duty hits £4.1bn, diesel drop reflects electric shift
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Fuel duty hits £4.1bn, diesel drop reflects electric shift
UK HMRC’s monthly fuel duty receipts report reveals a £4.1bn ($5.51bn) collection from April 2024 to May 2025, marking a £0.1bn increase from the previous year. Despite this slight uptick, the annual figures between 2024 to 2025 indicate a general decline, largely attributed to reduced diesel receipts as consumers move towards electric and hybrid vehicles. The Energy Profits Levy (EPL) revenues for May 2025 were notably absent from the current t…
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