Fuels: Excise Duties

(asked on 25th March 2022) - View Source

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

To ask Her Majesty's Government what steps they are taking to prevent profiteering by companies increasing their prices following the five pence cut in fuel duty announced by the Chancellor of the Exchequer in his Spring Statement on 23 March.


Answered by
Lord Callanan Portrait
Lord Callanan
Parliamentary Under Secretary of State (Department for Energy Security and Net Zero)
This question was answered on 7th April 2022

The Government remains committed to tackling consumer rip-offs and bad business practices, including profiteering.

The CMA monitors firms suspected of profiteering to challenge unjustifiable price increases and stands ready to take enforcement action where there is evidence that competition or consumer protection law has been broken.

The Government continues to monitor the operation of consumer markets and keeps all options under review to ensure good value and service for consumers.

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