Fuel prices to increase by an extra 8p per litre costing YOU £200 more a year for
Drivers are expected to be stung by a dramatic increase in the cost of fuel.
Petrol and diesel drivers could see costs skyrocket by up to 8p per litre, as the Chancellor announces a plan for a new tax on drivers.
Philip Hammond is looking where money can be raised to fund a £20 billion boost to the NHS.
Fuel duty currently stands at 57.95 pence per litre and has been frozen since 2011 but he hinted at an increase in the Autumn Budget.
The Treasury would need to find an additional £4 billion a year to fund the £20 billion commitment. Fuel duty receipts in 2016/17 were £28 billion.
If the plan is pushed forward then it could cost drivers £192 extra a year for a two-car family.
In a new poll by the AA, just one per cent of drivers felt that increasing fuel duty was the best way to pay for additional NHS spending.
Edmund King, AA president says; “Drivers support more funding for the NHS but feel the funding should come from luxuries such as tobacco and alcohol rather than from essentials like fuel.
“Many young drivers and low income families would find their budgets crippled should the Chancellor set his eyes upon fuel duty to fund the additional NHS spend.
“What he may consider to be a shrewd move, would actually be careless and dangerous as it could throw the whole economy off its already precarious track.
“Should Mr Hammond follow his plans through, he will not only hurt low income families, he will also hurt businesses too.
“With next to no public support, the Chancellor has plenty of time to rethink his plans before announcing the Budget in the coming months.”
Currently, fuel prices are at a four year high and have risen consecutively for ten months.
Fuel prices have been rising as the cost of a barrel of oil soared to $80 causing the price of unleaded to increase to £1.30 a litre and diesel to £1.34 a litre.
Filling up an average tank for both fuel types costs in excess of £70 which is the highest it has been since July 2014 and almost £18 more than it cost to fill it up two years ago.