Excise Duties: Fuels

Treasury written question – answered at on 10 September 2012.

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Photo of Philip Hollobone Philip Hollobone Conservative, Kettering

To ask the Chancellor of the Exchequer if he will assess the claims by the FairFuelUK campaign that a cut in fuel duty would boost economic growth.

Photo of Sajid Javid Sajid Javid The Economic Secretary to the Treasury

The effects on the economy of fuel prices, including oil prices, refinery margins and tax, are assessed by the Office of Budget Responsibility (OBR) as part of its economic and fiscal forecasts.

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