Fuels: Excise Duties

(asked on 18th March 2026) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment she has made of the potential impact of fixed fuel duty on fuel prices during periods of high oil prices.


Answered by
Dan Tomlinson Portrait
Dan Tomlinson
Exchequer Secretary (HM Treasury)
This question was answered on 26th March 2026

The Government is already taking action to ensure that fuel at the pump remains affordable.

At Budget 2025, the Government extended the 5p-per-litre cut for a further five months, until the end of August this year. The Government has also cancelled the increase in line with inflation for 2026/27; instead, rates will only gradually return to early 2022 levels by March 2027.

Since Autumn Budget 2024, the Government's decisions to freeze fuel duty will save the average motorist over £90 – or 8-11 pence per litre – compared to the plans inherited from the previous government.

As the Chancellor has set out, a rapid de-escalation in the Middle East remains the best way to keep prices low at the pump.

As with all taxes, the Government keeps fuel duty under review.

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