Whoopee! Five pence off a litre!

Our wonderful Chancellor has today reduced the cost of fuel at the pumps by five pence. That works out at around .33% off the price or one third of one percent! Given that petrol and diesel prices have recently gone up by 50%. This does not seem like an overly generous cut! Given other taxes are going up I wonder what they would like us to think about this? The cost of living and inflation is increasing. Living standards are falling.