Contact form
Find your local depot contact number
Summary
- Fuel duty cut extended until the end of 2026.
- Road tax reduced for hauliers.
- Temporary reduction in red diesel duty.
- Measures designed to offset rising global fuel costs.
The UK Government has confirmed new measures aimed at reducing cost pressures on businesses, as global instability continues to drive higher fuel prices.
Announced on 20th May 2026, the package combines tax reductions with targeted support for key sectors where fuel is a significant operating cost.
Key changes businesses need to know
- Fuel duty cut extended - the existing 5p per litre reduction will remain until the end of 2026, helping to keep pump prices lower in the short term.
- Support for hauliers - a 12‑month road tax reduction reduces renewal costs to £1, helping to lower operating expenses for fleet operators.
- Red diesel relief – from 15th June 2026, duty on red diesel will decrease from 10.18p to 6.48p per litre until the end of the year.
Why now?
The measures are a response to ongoing disruption in global oil markets linked to the conflict in the Middle East, which has increased wholesale fuel prices.
Managing ongoing uncertainty
While the measures provide welcome relief, fuel costs continue to be influenced by factors outside of a business’s control. Many organisations are looking at how they buy, manage and use fuel to stay on top of costs.
Common approaches include:
-
- Reviewing purchasing strategies, including fixed and variable pricing options.
- Monitoring market trends to inform buying decisions.
- Improving efficiency in fuel usage and storage.
Access to reliable supply and clear market information can also support more informed decision-making during periods of market uncertainty.
Looking ahead
The changes offer short-term support, but they also underline how quickly fuel costs can change. Taking a measured and informed approach to fuel management can help businesses stay in control as market conditions evolve.