Government to slash excise duty by up to a quarter in bid to ease worst fuel crisis in living memory

"The Government is likely to cut excise duty by up to one-quarter at forecourt pumps next week, which could result in a reduction of nearly 33c per litre - but only for a month."

"The time-limited move would take effect immediately, but would be due to expire before the end of next month, leaving the relief dependent on developments elsewhere."

The Government is set to reduce excise duty at forecourt pumps by up to one-quarter, leading to a potential decrease of nearly 33c per litre. This measure will be implemented immediately but is expected to last only for one month. The temporary relief is contingent on future developments, indicating that the price reduction may not be sustainable beyond the initial period.

Read at Independent