Road Fuel Prices Debate
Full Debate: Read Full DebateDepartment: Department for Energy Security & Net Zero
Philip Hollobone
Main Page: Philip Hollobone (Conservative - Kettering)Department Debates - View all Philip Hollobone's debates with the Department for Energy Security & Net Zero
(10 months, 2 weeks ago)
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Graham Stuart
I will take that as a further representation to His Majesty’s Treasury.
Mr Philip Hollobone (Kettering) (Con)
Motorists in and around Kettering have long suspected that petrol and diesel forecourt retailers have been inflating prices well above where they should be. Prices go up far too quickly and come down far too slowly. Given the fact that the petrol and diesel forecourt retailers effectively ignored the letter from the Business Secretary in May 2022, will the Minister assure my constituents that the Competition and Markets Authority will continue to monitor the market closely to ensure that does not happen again?
Graham Stuart
My hon. Friend is quite right. Urging them to behave properly is not enough, which is why we will not only put in place a mandatory system to ensure that the data is there but ensure ongoing monitoring so that, as I said to our hon. Friend the Member for North East Bedfordshire (Richard Fuller), we have the data on which to base further intervention should that be required.