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

To ask the Secretary of State for Business, Energy and Industrial Strategy, what estimate she has made of the potential effect on fuel prices of the UK leaving the EU without a withdrawal agreement.

BEIS analysis is that changes in the price of crude oil are the main driver of changes in the national average retail prices of fuels such a petrol and diesel. Other factors include currency exchange rates and the balance of supply and demand for these fuels in the wholesale petroleum products markets.

Crude oil and petroleum products are traded through liquid international markets. The UK benefits from a diverse range of import sources alongside UK domestic production and will continue to do so after we leave the EU.