Fuels: Prices
(asked on 29th March 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, if he will make it his policy to introduce regulatory limits on the price of (a) petrol and (b) diesel.
This question was answered on 6th April 2022
The retail fuels market is subject to UK competition law under the Competition and Markets Authority. A competitive market ensures that road fuel prices stay as low as possible. This framework delivers below the European average for pre-tax prices for both petrol and diesel in the UK. The Government therefore has no intention to introduce regulatory limits on petrol and diesel prices.