Asda calls for fuel duty freeze as falling costs give way to more discretionary income
Asda is calling on the UK Government to maintain its fuel duty freeze ahead of this year’s autumn statement, which is due later this month (November).
The retailer, which has reduced its fuel prices by up to 2 pence per litre on Unleaded and 1 pence per litre on diesel, says Scotland, Northern Ireland and the North East of England would be hit the hardest if there was a rise in fuel duty.
It says falling fuel costs, along with falling food costs, continue to be one of the main drivers behind the rise in discretionary income and that its Income Tracker shows inflation on vehicle fuel is down 14% compared with the same period last year.
Its new national price cap means drivers will pay no more than 103.7ppl on Unleaded and 106.7ppl on Diesel across its 273 filling stations.
Asda president & CEO Andy Clarke said: “There are undoubtedly green shoots at a macroeconomic level and our customers are cautiously optimistic which is why they continue to save, particularly at this time of year. With this in mind, we urge the chancellor to continue with a freeze on fuel duty in the Autumn Statement to avoid putting more pressure on family budgets.”
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