Brian Madderson, chairman of the Retail Motor Industry, has told ITV News that it was "excellent news for motorists" that the Chancellor has scrapped plans to increase fuel duty this year.
Mr Madderson said that although the decision was to "defer" the move, it would "give more time" to prepare for the George Osborne's Autumn statement.
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The Chancellor will promise to fix a glitch, which means repayments continue to be taken for up to 12 months after the loan is paid off.
The proposal will see the introduction of a discounted railcard for 26-30-year-olds, as the government looks to lessen the cost of living.
The vessel went missing last week with 44 sailors on board.