Question

To ask the Secretary of State for Energy and Climate Change, what assessment he has made of the effect of recent changes in the global price of oil on domestic fuel prices.

Movements in pump prices are largely driven by crude oil prices and reduction in fuel duty. In January 2013, the Office for Fair Trading published the results of a Call for Information to investigate whether or not competition problems existed in the road fuels market.

The Government believes that it is important that consumers get a fair deal and that falls in oil prices materialise into lower prices for motorists. We wrote to major fuel retailers on 7 November seeking reassurance that they were fully passing on changes in the oil price to UK consumers at pumps in full and as quickly as possible.