Fuels: Prices

(asked on 22nd June 2022) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what steps he is taking to reduce fuel costs for essential services and industries; and if he will bring forward a fuel duty rebate for essential services and industries to help reduce costs in supply chains.


Answered by
Helen Whately Portrait
Helen Whately
Minister of State (Department of Health and Social Care)
This question was answered on 27th June 2022

At Spring Statement 2022 in response to fuel prices reaching record levels, the government announced a temporary 12-month cut to duty on petrol and diesel of 5p per litre.

This is the largest cash-terms cut across all fuel duty rates at once, ever, and is only the second time in 20 years that main rates of petrol and diesel have been cut. This cut represents savings for households and businesses worth around £2.4 billion in 2022-23.

All taxes, including fuel duty, remain under review.

Reticulating Splines