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Fuel duty rise 'must be cancelled' over Middle East crisis
Campaigners warn staged fuel duty increases could add up to 20p per litre, urging Labour’s Rachel Reeves to freeze hikes amid rising oil prices linked to Middle East unrest.
- Campaign groups urged Rachel Reeves to cancel planned fuel duty rises, with FairFuelUK calling to keep the duty frozen, amid Middle East tensions.
- Disruption to the Strait of Hormuz has affected oil shipments, with the route handling roughly 20% of global supplies and Brent crude hitting $73 by late February, nearing $80.
- The reversal would be implemented in three stages: 1p on September 1, 2p on December 2026, and 2p on March 2027, potentially adding around 20p per litre at the pumps, analysts say.
- Chancellor Rachel Reeves confirmed the spring statement would not feature major policy changes, while broadcasters pressed whether she might reconsider and Defence Secretary John Healey said she is "watching very closely".
- Forecasts from FairFuelUK warn that oil could reach $100 per barrel within weeks, while the 2022 Ukraine invasion saw prices hit $120, causing lasting inflation and energy costs.
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Chancellor Rachel Reeves urged to scrap fuel duty hike amid oil price fears
The price of oil jumped to over 80 US dollars a barrel after the US-Israeli attack on Iran.
·London, United Kingdom
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Total News Sources12
Leaning Left4Leaning Right1Center3Last UpdatedBias Distribution50% Left
Bias Distribution
- 50% of the sources lean Left
50% Left
L 50%
C 38%
12%
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