AM Online

Action on fuel costs considered

The Treasury is reconsidering the idea of a fuel duty stabiliser to help halt the rising cost of petrol and diesel.

The stabiliser concept would cut fuel taxes to offset rising oil prices and increase when the price of a barrel falls.

However Treasury chief secretary Danny Alexander told the BBC's Politics Show: "It's a complicated idea and it's difficult to see precisely how we achieve it."

Alexander said the Government cannot "sacrifice income willy nilly".

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