Conservatives plan a fuel price cut

In the run up to the May 6 General Election, the Conservative Party have outlined plans to cut the cost of petrol by around ten pence, should oil prices remain high.

The Daily Telegraph reports that party leader David Cameron is to announce that fuel duty would be lifted for a given time, to stop drivers from feeling the effects of high oil wholesale prices.

This news is sure to be welcomed by motorists who are currently paying upwards of £1.20 per litre. Those who are selling a car could also see a reduction in fuel prices as a positive, particularly those with more fuel guzzling sportier models, which are currently being shunned in favour of smaller, more efficient vehicles.

The policy has been dubbed the ''fuel duty stabiliser'' and was formulated as part of the Tory's plans to help families who have suffered from the effects of the recession. Nevertheless, motoring commentators argue that as oil prices fall, fuel duty will be increased, as well as criticising Mr Cameron's toll road ideas.

Head of the AA, Edmund King, was cited in The Telegraph as saying of the proposed scheme: ''It is right that political parties are addressing the problem of fuel duty now we have record prices at the pumps.''

More details are to be released in the Conservative manifesto tomorrow and it is expected the stabiliser would be kick started in the months following the election, should the party be successful.

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