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<p>At Spring Statement 2022 in response to fuel prices reaching record levels, the
government announced a temporary 12-month cut to duty on petrol and diesel of 5p per
litre.</p><p> </p><p>This is the largest cash-terms cut across all fuel duty rates
at once, ever, and is only the second time in 20 years that main rates of petrol and
diesel have been cut. This cut represents savings for households and businesses worth
around £2.4 billion in 2022-23.</p><p> </p><p>All taxes, including fuel duty, remain
under review.</p>
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