Budget extends 5p fuel-duty cut through June 2027
The government plans to retain the temporary 5p-per-litre cut until 30 June 2027 and defer the inflation increase until 1 July, extending relief for road freight operators.
HM Treasury announced on 28 October that the temporary 5p-per-litre reduction in the main fuel-duty rates will continue for another six months. The planned inflation-linked increase is also deferred until 1 July 2027.
The accompanying tax-policy document says legislation will extend the cut from 1 January to 30 June 2027. From 1 July, rates are scheduled to return to their pre-March 2022 levels and rise with RPI inflation.
The announcement gives UK pallet manufacturers, repairers and hauliers a longer period without the scheduled duty increase. It does not guarantee lower pump prices, which also depend on wholesale costs and retail pricing.
Image: HM Treasury's original Budget 2026 press-release graphic.
Source attribution
- Source organisation
- HM Treasury
- Original date
- 28 Oct 2026
- Published by us
- 29 Oct 2026
Pallet News publishes a short original summary only. Copyright in the original update remains with the publishing organisation.
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