Fuels: Excise Duties
(asked on 2nd November 2021) - View Source
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what projection he has made of future fuel duty revenues for each financial year from 2022 to 2030, based on the current rate of fuel duty.
This question was answered on 8th November 2021
The Office for Budget Responsibility (OBR) published its fuel duties forecast up to and including 2026-27, as part of its Economic and fiscal outlook in October 2021. This set out that fuel duties are estimated to reach £26.8bn in 2021-22, £28.8bn in 2022-23, £29.9bn in 2023-24, £30.4bn in 2024-25, £30.7bn in 2025-26 and £31.1bn in 2026-27. There is no forecast available beyond 2026-27.