Fuel duty will not increase as a result of today's Budget announcement, but duty will still increase in plans set out in the Chancellor's 2011 Autumn Statement.
The plans announced last year saw a fuel duty increase originally planned for 1 January 2012 deferred to 1 August 2012. George Osborne's announcement means this still stands, meaning fuel duty will increase by 3.02 pence per litre.
Above inflationary increases to fuel duty will only return if oil drops below £45 per barrel on a sustained basis.
Vehicle excise duty will increase only by the rate of inflation. VED is frozen for road hauliers.
Company car tax bands will be changed to promote the use of more environmentally-friendly vehicles. The government will extend the 100 per cent first year capital allowance for low emission business cars, reduce the CO2 threshold for the main capital allowance rates and increase the percentage list price of company cars subject to tax.
However, it was also announced that ultra-low emission vehicles will no longer be exempt from company car tax from 2015. Owners of electric company cars will have to pay 13 per cent of the vehicle's value in tax, rising to 15 per cent in 2016/17.