Petrol Prices

Gregory Campbell Excerpts

Wednesday 15th May 2013 Commons Chamber

[Mr Davey]

My hon. Friend makes an interesting point. He is right that the Government are legislating to ensure that, when Ofgem finds misdemeanours by companies, fines go to the consumer and not to the Consolidated Fund. That is an extra tooth for the independent regulator, and puts consumers’ rights ahead, where they should be. He asks me to make representations to the European Commission to see whether European law can be amended to mirror the change we have just made. Clearly, there is a case for that, but I may need to speak to my colleagues in the Department for Business, Innovation and Skills before I make unilateral representations.

[Mr Gregory Campbell (East Londonderry) (DUP)]

The general public will have two things in mind: open competition and cheaper prices at the pump. Beyond the European Commission ruling—the Secretary of State has said that we do not know the timing of it—what steps will the Government and the OFT take to ensure that prices come down, that people see openness and transparency, and that the Government reduce fuel duty rather than put increases on hold?

[Mr Davey]

Like every right hon. and hon. Member, the hon. Gentleman is concerned about the price of fuel and the impact that that has on household budgets. I know from speaking to right hon. and hon. Members who represent rural constituencies how the price of fuel impacts on them. That is one reason why my right hon. Friend the Chief Secretary to the Treasury has paid such attention to the matter since he entered Her Majesty’s Treasury. The Government’s record on bearing down on fuel duty, which is one thing we can directly influence, is exemplary. We have had the longest freeze in fuel duty for 20 years—that is us playing our part.