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  "path": "/lifestyle/cars/rachel-reeves-update-petrol-diesel-prices-fuel-duty",
  "publishedAt": "2026-03-09T16:58:28.000Z",
  "site": "https://www.gbnews.com",
  "tags": [
    "**Petrol and diesel prices soar to 185p and could rise further - Which areas are most expensive for fuel?**",
    "E.ON announces price update for homeowners with electric car chargers impacting thousands",
    "Countdown to Rachel Reeves' new car taxes commences as petrol and diesel drivers given weeks to prepare",
    "British brand launches 'breakthrough' hybrid technology with impressive 1,200km range",
    "The GB News Editorial Charter"
  ],
  "textContent": "\n\n\nChancellor Rachel Reeves has announced plans to move forward with measures that aim to slash prices at the pumps as petrol and diesel prices continue to soar.\n\nSpeaking in Parliament this afternoon, Chancellor Rachel Reeves addressed the soaring cost of fuel and global oil fears, stemming from tensions in the Middle East.\n\n###\n\n\n\n\nIn recent hours, Brent Crude Oil prices have peaked at around $120 (£89), forcing up the price of wholesale prices of petrol and diesel at the pumps.\n\nAt present, drivers are paying 137.51p per litre for petrol and almost £1.51 for diesel, with the RAC estimating that prices are \"likely to rise\".\n\n###\n\n\n\n\nTRENDING\n\nStories\n\nVideos\n\nYour Say\n\n###\n\n\n\n\nIn response to the global uncertainty in the markets, the Chancellor unveiled her plans over the coming days to MPs.\n\nShe said: \"In November, I extended the 5p per litre cut in fuel duty for a further five months and ensured that fuel duty will not increase in line with inflation this year.\n\n\"Petrol is more than 8p per litre cheaper today than it would have been under the plans that we inherited at the election. And that discount increases to 11p a litre next month once that extension takes effect.\"\n\nThe Chancellor also highlighted the benefits of the Government's Fuel Finder scheme, which she said is being \"delivered\".\n\n**READ MORE:****Petrol and diesel prices soar to 185p and could rise further - Which areas are most expensive for fuel?**\n\n###\n\n\n\n\n###\n\n\n\n\n###\n\n\n\n\nThe Labour MP for Leeds West and Pudsey said more was being done to accelerate the scheme, with almost 90 per cent of petrol retailers having taken part.\n\nGovernment forecasts estimate that drivers using the scheme could save between one and six pence per litre through the scheme.\n\n\"Last week, I instructed my officials to accelerate the integration of the cheaper fuel finder with map applications,\" she added.\n\nThe Chancellor will meet with petrol forecourt operators this week, noting that she would \"not hesitate to call out retailers that fail to provide data to the Fuel Finder\".\n\n### LATEST DEVELOPMENTS\n\n\n\n\n  * E.ON announces price update for homeowners with electric car chargers impacting thousands\n  * Countdown to Rachel Reeves' new car taxes commences as petrol and diesel drivers given weeks to prepare\n  * British brand launches 'breakthrough' hybrid technology with impressive 1,200km range\n\n\n\n###\n\n\n\n\n###\n\n\n\n\n###\n\n\n\n\nShe emphasised that the way to keep fuel prices low was \"rapid de-escalation\", adding that she would continue to monitor events over the coming days.\n\nThe Competition and Markets Authority has been told to remain \"vigilant\" to ensure retailers and supermarkets are not taking advantage of drivers when visiting the pumps.\n\nIt comes as experts call on the Government to cut the rate of fuel duty to further benefit hard-pressed motorists at the pumps, as drivers continue to struggle with the hike in costs.\n\nFairFuelUK founder Howard Cox told GB News earlier today that the Chancellor should take steps to make it cheaper for drivers to fill up, noting that the current situation is unsustainable.\n\n###\n\n\n\n\n###\n\n\n\n\n###\n\n\n\n\nHe said: \"Well, I predicted last week when I was on your show that we're going to hit over $100 (£75) and that will put something like 20p per litre onto a filling up. So the average family car will have to spend something like £10 more to fill up their car.\"\n\nTo help motorists save money, motoring experts have suggested that they could drive less and use alternative means of transport to avoid heading to the filling station.\n\nThere have also been calls from experts and politicians to avoid panic buying and stockpiling fuel to avoid a shortage crisis, as seen in the summer of 2021.\n\nSome remain optimistic that petrol and diesel prices will not soar to levels seen in the months following the Russian invasion of Ukraine, when forecourts were selling unleaded for £1.90 and some diesel drivers were being charged almost £2.\n\n###\n\n\n\n\n\n\n\n\n\n\n**Our Standards:The GB News Editorial Charter **",
  "title": "Rachel Reeves provides major update on soaring petrol and diesel prices amid calls for fuel duty cut"
}