Written question asked by Lord Blunkett (Labour) on Friday, 25 March 2022, in the House of Lords. It was due for an answer on Friday, 8 April 2022. It was answered by Lord Callanan (Conservative) on Thursday, 7 April 2022 on behalf of the Department for Business, Energy and Industrial Strategy.
Fuels: Excise Duties
- Question
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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.
- Answer
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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.
Secondary information
- Type
- Written question
- Reference
- HL7355
- Session
- 2021-22
- Related items
- Subjects
- Companies Excise duties Fuels Profits Prices
- Link
- View this Written question on www.parliament.uk
Librarians' tools
- Timestamp
- 2022-05-25 13:05:42 +0100
- URI
- http://data.parliament.uk/writtenparliamentaryquestion/lords/2021-22/HL7355
- In Indexing
- http://indexing.parliament.uk/Content/Edit/1?uri=http://data.parliament.uk/writtenparliamentaryquestion/lords/2021-22/HL7355
- In Solr
- https://search.parliament.uk/claw/solr/?id=http://data.parliament.uk/writtenparliamentaryquestion/lords/2021-22/HL7355