Fuels: Excise Duties

(asked on 4th May 2020) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what recent assessment he has made of the potential merits of a temporary suspension of fuel duty for the logistics sector to ensure the financial viability of haulage businesses during the covid-19 pandemic.


Answered by
Kemi Badenoch Portrait
Kemi Badenoch
President of the Board of Trade
This question was answered on 11th May 2020

The Government recognises the extreme disruption to businesses caused by the COVID-19 pandemic. This is why the Government has announced unprecedented support for businesses, including a business rates holiday, grants to smaller businesses and a package of government-backed and guaranteed loans.

The Government has also taken steps to specifically support the logistics sector and haulage businesses. Budget announced that fuel duty would be frozen for a tenth consecutive year, and that HGV VED and levy rates would also be frozen again in 2020-21.

Haulage businesses have also benefitted from the reduced by price of fuel: diesel pump prices in the week of the 4th of May were down 20p per litre compared to a year ago.

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