Fuels: Excise Duties

(asked on 8th June 2022) - View Source

Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy, what steps he is taking to (a) ensure the five pence reduction in fuel duty announced in the Spring Statement is passed on to consumers and (b) monitor fuel prices at service stations.


Answered by
Paul Scully Portrait
Paul Scully
This question was answered on 13th June 2022

Drivers should be getting a fair deal for fuel across the UK. Healthy competition between forecourts is key to achieving this, with competition working to keep pressure on prices. The Government has asked the Competition and Markets Authority (CMA) to conduct an urgent review of the fuel market, as well as a longer-term market study under the Enterprise Act 2002, to explore whether the retail fuel market has adversely affected consumer interests. As part of this, the Government has asked for the CMA’s advice on the extent to which competition has resulted in the fuel duty cut being passed on to consumers and the reasons for local variations in the price of road fuel.

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