"We will keep the situation under review in light of what's happening in Iran. Fuel duty is frozen until September. The best approach involves working with others to de-escalate the situation in the region, rather than making immediate policy decisions based on current volatility."
"Chancellor Rachel Reeves described the situation as very volatile and stated it is much too early to guess where petrol prices will be in September. She expressed being very loath to spend government money on something that the market should be doing, emphasizing the need to monitor fluctuating oil prices."
"Labour think drivers are a cash cow and now they're hiking fuel duty for the first time in 15 years. Everyone in this House knows the pattern: first he'll march his backbenchers up the hill, then they'll be forced to defend fuel duty rises in the local elections then there will be another humiliating U-turn."
The UK government is reviewing a planned fuel duty increase scheduled for September when a temporary 5p cut implemented after Russia's invasion of Ukraine expires. Prime Minister Sir Keir Starmer stated the duty will remain frozen until September while the situation is monitored amid escalating Middle East conflict involving Iran. Chancellor Rachel Reeves emphasized oil price volatility and reluctance to spend government money where markets should act. Opposition Conservative leader Kemi Badenoch criticized the planned increase, predicting a government U-turn and arguing the Conservatives previously froze and cut fuel duty to support cost of living. The government maintains its approach involves regional de-escalation efforts.
Read at www.bbc.com
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