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Written question asked by Stephen Gilbert (Liberal Democrat) on Monday, 5 January 2015, in the House of Commons. It was due for an answer on Thursday, 8 January 2015 (named day). It was answered by Matt Hancock (Conservative) on Thursday, 8 January 2015 on behalf of the Department of Energy and Climate Change.


Liquefied Petroleum Gas

Question

To ask the Secretary of State for Energy and Climate Change, what steps his Department is taking to reduce the cost of liquid petroleum gas.

Answer

Fuel prices are primarily driven by the underlying price of crude oil, though are also influenced by a range of other supply and demand factors, including refining capacity, stock levels, distribution costs, retail margins and seasonal demand variations.

It is vital that the sharp fall in oil and gas prices are passed on to families at petrol pumps, through utility bills and air fares.

We will closely monitor whether companies are passing on the benefits to customers of falling oil and gas prices.


Secondary information

Type
Written question
Reference
219746
Session
2014-15
Subjects
Prices Liquefied petroleum gas
Link
View this Written question on www.parliament.uk