Cut comes as petrol and diesel prices soar
A cut to fuel duty on the Isle of Man is expected to cost government around £2.5 million.
A five pence reduction for the next 12 months was announced on Wednesday in light of fast-rising petrol and diesel prices.
It comes in accordance with the Customs and Excise agreement between the UK and the Isle of Man.
Treasury Minister David Ashford has been speaking with Phil Gawne about UK Chancellor Rishi Sunak's Spring Statement:
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