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Written question asked by Steve Baker (Conservative) on Tuesday, 5 July 2022, in the House of Commons. It was due for an answer on Thursday, 7 July 2022. It was answered by Alan Mak (Conservative) on Wednesday, 13 July 2022 on behalf of the Treasury.

Commuters: Fuels

Question

To ask the Chancellor of the Exchequer, if he will take further steps to assist commuters with the rising cost of petrol.

Answer

At Spring Statement 2022 in response to fuel prices reaching record levels, the government announced a temporary 12-month cut to duty on petrol and diesel of 5p per litre.

This is the largest cash-terms cut across all fuel duty rates at once, ever, and is only the second time in 20 years that main rates of petrol and diesel have been cut. This cut represents savings for households and businesses worth around £2.4 billion in 2022-23.

The Government has been clear that it expects those in the supply chain to pass the fuel duty cut through to consumers as promptly as possible. Following a request from the Business Secretary, the Competition and Markets Authority will undertake a short and focused review of the fuel market and will provide advice to the Government on steps that could be taken to improve outcomes for consumers.

All taxes, including fuel duty, remain under review.

Secondary information

Type
Written question
Reference
31086
Session
2022-23
Subjects
Fuels Prices Commuters
Link
View this Written question on www.parliament.uk