Liquefied Petroleum Gas

(asked on 5th January 2015) - View Source

Question

To ask the Secretary of State for Energy and Climate Change, what steps his Department is taking to reduce the cost of liquid petroleum gas.


Answered by
Matt Hancock Portrait
Matt Hancock
This question was answered on 8th January 2015

Fuel prices are primarily driven by the underlying price of crude oil, though are also influenced by a range of other supply and demand factors, including refining capacity, stock levels, distribution costs, retail margins and seasonal demand variations.

It is vital that the sharp fall in oil and gas prices are passed on to families at petrol pumps, through utility bills and air fares.

We will closely monitor whether companies are passing on the benefits to customers of falling oil and gas prices.

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