Petrol

Motorists have been spared a rise in fuel tax after the Chancellor announced he would freeze the duty for the sixth consecutive year.

Drivers filling up at Asda and Morrisons will pay under the £1/litre mark for petrol from today as the supermarkets lead the way in the Christmas price war.

Five of the major car rental companies – Avis-Budget, Enterprise, Europcar, Hertz and Sixt, which represent two thirds of the UK and EU market – have agreed to improve the information they give to motorists following a Europe-wide review of the industry.

'Road tax' rates are to be shaken up for new cars from 2017, while a new 'Roads Fund' is to be established so money raised in England will be spent on maintaining and upgrading roads in the country.

Petrol prices have reached a six-month high, causing many motorists to reduce their car use, according to the AA.

Now it's been confirmed that the Conservative Party has been voted back into Government after winning more than the 326 seats needed, we explain how its policies affect your pocket.