Written question asked by Gregory Campbell (Democratic Unionist Party) on Monday, 28 November 2022, in the House of Commons. It was due for an answer on Thursday, 1 December 2022 (named day). A holding answer was provided on Thursday, 1 December 2022. A substantive answer was provided by Graham Stuart (Conservative) on Friday, 2 December 2022 on behalf of the Department for Business, Energy and Industrial Strategy.

Diesel and Petrol: Prices

Question: To ask the Secretary of State for Business, Energy and Industrial Strategy, if he will hold discussions with trade bodies representing oil companies on the extent of variances of forecourt prices for petrol and diesel.

Answer: Following the Government’s request for an urgent review of the fuel market, the Competition and Markets Authority published its road fuel report on 8 July. Its initial findings were that the UK retail fuel market appears to be competitive but areas for further investigation were identified. A market study to look at the growing gap between the oil price, and the wholesale price of petrol and diesel was launched which will make recommendations where there are no legitimate reasons for this. The Government will carefully consider, alongside relevant industry partners, any recommendations made in the study.

Secondary information