Chancellor Jeremy Hunt has been urged not to hike fuel duty in his autumn budget. The RAC told him that increased pump prices could push inflation even higher.
Analysis by the motoring services company found there is an “extremely strong link” between the two. The Treasury cut fuel duty by 5p per litre in March.
Average pump prices have fallen from the record highs of 192p per litre for petrol and 199p per litre for diesel in July. However, the RAC said the average cost of a litre of petrol rose by 4p in October while diesel was up 10p.
