'If I did nothing, Fuel Duty would increase by 13% this month. I have decided to maintain the 5p cut and freeze fuel duty for another 12 months,' the chancellor said.

'This will save the average car driver £50 next year and bring total savings since the 5p cut was introduced to £250 pounds.'

According to the Office for Budget Responsibility’s Policy Measures Database, extending the 5p cut in fuel duty for 2024/25 will cost £2.6bn, while extending the fuel duty freeze for 2024/25 will cost £1.6bn.

The latest Fuel Duty freeze means it will remain at 57.95p per litre - the level since March 2011.

Visit Highways to continue reading.

Sign up here to receive our free weekly news bulletin and quarterly e-book.