Rishi Sunak must introduce cap on petrol prices in Spring Statement, GB News poll says

A particular issue that has engulfed the build-up to the announcement is petrol prices, as the Chancellor faces calls to introduce a cap

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Rishi Sunak will deliver the 2022 Spring Statement today amid a backdrop of the biggest cost of living crisis in generations.

A particular issue that has engulfed the build-up to the announcement is petrol prices, as the Chancellor faces calls to introduce a cap.

UK motorists have seen a hike in fuel prices as various factors including the Russia-Ukraine war, which has seen Britain attempt to cut down on oil imports from Russia.

Exclusive GB News polling suggests there is a clamour for Rishi Sunak to address the crisis, with 85.7 percent of participants saying a petrol price cap should be introduced.

Out of 1,985 voters in a poll that was conducted via Twitter on March 18, a resounding majority backed a cap on petrol prices.

A cap would see Brits avoid potentially costly surprises at the pumps, with a limit set in on what they are expected to pay to fill up their vehicles.

Fuel duty is something the Chancellor may choose to cut in order to ease the squeeze at the pumps.

The Government has frozen duty for 11 years but there are now calls for a cut as oil prices hit highs on the back of the Ukraine conflict and prices at the pumps soar to record levels.

Figures from data firm Experian Catalist show the average price of a litre of fuel at UK forecourts on Sunday was 167p for petrol and 179p for diesel.

This is an increase of 18p for petrol and 26p for diesel over the past month.

Labour has calculated the average family is facing an annual rise of £386 on the cost of petrol and is calling for a cut to be funded by a windfall tax on energy firms who have enjoyed the sky-high gas and oil prices.

The potential measure of a petrol price cap has proven to be popular among the respondents in the GB News poll, with only 14.3 percent voting against it.

Image: GB News
Image: GB News

Tune in to Beat the Squeeze: Spring Statement Live from 11am on GB News with Liam Halligan and Gloria De Piero as we bring you Rishi Sunak's statement and all the reaction.