Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what assessment he has made of the potential merits of a further cut in fuel duty to support consumers.
At Spring Statement 2022 in response to fuel prices reaching record levels, the government announced a temporary 12-month cut to duty on petrol and diesel of 5p per litre.
This is the largest cash-terms cut across all fuel duty rates at once, ever, and is only the second time in 20 years that main rates of petrol and diesel have been cut. This cut represents savings for households and businesses worth around £2.4 billion in 2022-23.
All taxes, including fuel duty, remain under review.