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

To ask the Secretary of State for Business, Energy and Industrial Strategy, what assessment his Department has made of the impact of market speculation on oil and gas prices.

Fuel and gas prices are primarily driven by the underlying price in the global market of crude oil and natural gas. These are also influenced by exchange rates and a range of other supply and demand factors, including stock levels, logistics and distribution costs and seasonal demand variations.