Story perspectives

Reeves Cancels Fuel Duty Rise, Extends Cut, Funding Oil Aid

5/21/2026

Summary

Story summary

Chancellor Rachel Reeves cancelled the 1 p fuel-duty rise and extended the 5 p per litre cut to 2026.
The move offsets 26 p petrol and 44 p diesel spikes from Iranian tanker restrictions.
Reeves earmarked £50 million for heating-oil subsidies to rural households, especially in Northern Ireland, a move Labour leader Andy Burnham called a key election issue on affordability.
During a live Leeds broadcast, a truck driver waved St George’s flags and shouted anti-Labour slogans.

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Story summary

Chancellor Rachel Reeves cancelled the 1 p fuel-duty rise and extended the 5 p per litre cut to 2026.
The move offsets 26 p petrol and 44 p diesel spikes from Iranian tanker restrictions.
Reeves earmarked £50 million for heating-oil subsidies to rural households, especially in Northern Ireland, a move Labour leader Andy Burnham called a key election issue on affordability.
During a live Leeds broadcast, a truck driver waved St George’s flags and shouted anti-Labour slogans.