Chancellor George Osborne has hinted that he may freeze fuel duty until the next general election, telegraph.co.uk reports.
Speaking at the Conservative Party conference in Manchester, Osborne stopped short of guaranteeing this move, but did hint that it would be high up on the priority list, provided the money to fund it could be found.
Osborne said that it was his desire to freeze fuel prices and even cancel out the 2p increase that Labour has said it expects to come into force next year.
Despite the announcement, motorists may remain cautious, in light of clever wording that has tripped many up in previous Budget reports. These included pledges to not increase fuel duty beyond the current system, which was seen by many as a freeze. It quickly emerged, however, that the setup in question was an annual increase of two per cent, which would remain unchanged - thus prices were still set to increase.
With prices still so uncertain, many motorists are having to pay more attention to fuel usage than ever before - with some potentially utilising car tracking systems and the like to help monitor efficiency, as these can provide real-time reports of fuel usage, speed, acceleration and other cost-saving telematic figures.
Speaking after the most recent announcement was made, chairman of the Petrol Retailers Association, Brian Madderson, told fleetnews.co.uk: "The PRA has been lobbying government and the treasury to make an early announcement about their intentions on freezing fuel duty, so it is welcoming news to hear the Chancellor's commitment."