UK Finance Minister Sunak: Confirms that fuel tax will be reduced by GBP 0.05 per liter

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23 March 2022

UK Finance Minister Sunak: Confirms that fuel tax will be reduced by GBP 0.05 per liter

UK Finance Minister (commonly referred to as the Chancellor of the Exchequer) Rishi Sunak confirmed on Wednesday that fuel duty taxes in the UK would be reduced by GBP 0.05 per liter as expected. The cut will remain in place until March 2023 and will take effect from 1800GMT on Wednesday. The tax relief is estimated to be around GBP 5B in total.

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