Question

To ask the Secretary of State for Energy and Climate Change, what assessment he has made of the reasons for the variation in average unit retail price of petrol and diesel in Northern Ireland and in the rest of the UK; and if he will make a statement.

No formal assessment has been made of the reasons for the variation in average unit retail prices of petrol and diesel in Northern Ireland and the rest of the UK.

Retail fuel prices are determined by the demand and supply fundamentals in local areas. Prices will reflect the underlying cost of crude oil, the process to refine it and transport it so that it is available for consumption at the pump.

Variations in prices are determined by changes in supply and demand factors both for crude oil and for individual products.

On 5 September 2012, the OFT launched a call for information (CFI) to investigate claims that the UK petrol and diesel sectors are not working well. In their January 2013 report they concluded that:

“Overall, on the basis of the evidence collected, it appears that competition in the UK road fuels sector is working relatively effectively”.