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Written question asked by Helen Morgan (Liberal Democrat) on Wednesday, 11 March 2026, in the House of Commons. It was due for an answer on Monday, 16 March 2026 (named day). It was answered by Dan Tomlinson (Labour) on Monday, 16 March 2026 on behalf of the Treasury.

Fuels: Prices

Question

To ask the Chancellor of the Exchequer, what steps she is taking to support small haulage companies with fuel costs.

Answer

The Government is taking action to ensure that fuel at the pump remains affordable. At Budget 2025, the Government extended the 5p-per-litre cut for a further five months, until the end of August this year. The Government has also cancelled the increase in line with inflation for 2026/27; instead, rates will only gradually return to early 2022 levels by March 2027. The 5p cut was introduced at following Russia’s invasion of Ukraine in 2022, when prices reached a peak of over £1.90 per litre.

The Government's action on fuel duty will save the average heavy goods vehicle more than £800 in 2026/27 compared to the plans inherited from the previous government. This follows an extended period where freezes to fuel duty have resulted in substantial savings for the haulage industry.

Secondary information

Type
Written question
Reference
120073
Session
2024-26
Transferred
Yes
Subjects
Freight Fuels Government assistance Prices Small businesses
Link
View this Written question on www.parliament.uk