Marine fuel duty going on up Monday

Duty on petrol and diesel for propulsion to jump 2 pence per litre from Monday following Pre-Budget Report

Marine fuel will be more expensive from Monday, after the Chancellor’s Pre-budget Report on 24 November.

On 1 December, propulsion diesel duty will jump 2 pence per litre (ppl) from 50.35ppl to 52.35ppl.

The same rate will apply to petrol.

Meanwhile, duty on rebated diesel, or the fuel that makes up 40% of your tank if you’re declaring the standard 60/40 split at the pump, is also going up, from 9.69ppl currently to 10.07ppl.

The increases don’t stop there. On 1 April, duty on petrol and diesel for propulsion will rise to 54.19ppl, and rebated diesel will head up to 10.42ppl.

Recommended videos for you

There will be no change to VAT, with a rate of 5% applicable for the entire diesel purchase.

See the HM Revenue & Customs document detailing the changes here.