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

To ask the Secretary of State for Business, Energy and Industrial Strategy, if he will bring forward legislative proposals to establish a regulatory body for fuel pricing.

I believe that it is essential that consumers get a fair deal and that falls in oil prices are passed on to lower retail prices. A competitive market is the best way to keep prices low.

Fuel pricing is subject to UK competition law under the Competition and Markets Authority, and we do not believe that an independent body to regulate fuel pricing is necessary.

The Department closely monitors average retail petrol and diesel prices and publishes these data regularly. https://www.gov.uk/government/statistical-data-sets/oil-and-petroleum-products-weekly-statistics.