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Autumn Statement

UK Petroleum Industry Association
29th November 2011

PRESS RELEASE

 Autumn Statement 2011

 

The Chancellor in his Autumn Statement today announced the following changes affecting road transport:

The 3.02 pence per litre fuel duty increase that was due to take effect on 1 January 2012 will be deferred to 1 August 2012.

The increase that was planned for 1 August 2012, expected to be 1.92 pence per litre, will be cancelled.

On 1 August 2012, the duty rate for leaded petrol and compressed natural gas will change by the same monetary amount as main fuel duty, and the duty rate for aviation gasoline and rebated oils will change in proportion to the main rate.

The duty differential for liquefied petroleum gas will be maintained until 1 August 2012, when it will be reduced by 1 ppl.

For more information, click here 

Ends

 

Enquiries to:
Nick Vandervell, Tel. 020 7269 7604

 

Notes to editors:
1.  UKPIA represents ten oil refining and marketing companies that operate the 8 major oil refineries in the UK; the refineries processed 73 million tonnes of crude oil and produced 75.4 million tonnes of refined products in 2010 (Source: DECC- DUKES data). UKPIA members also own around 2,200 of the 8,787 filling stations in the UK.

 

 

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