Diesel Fuel and Petrol: Prices

Department for Business, Energy and Industrial Strategy written question – answered on 30th November 2021.

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Photo of Kevan Jones Kevan Jones Labour, North Durham

To ask the Secretary of State for Business, Energy and Industrial Strategy, what assessment he has made of the reasons for the increase in petrol and diesel prices over the last six months.

Photo of Greg Hands Greg Hands The Minister of State, Department for Business, Energy and Industrial Strategy

The Department’s analysis shows that changes in retail prices of petroleum products, such as petrol and diesel, are primarily driven by changes in global market prices for crude oil and exchange rates.

Recognising that fuel is a major cost for households and businesses, the Government has kept fuel duty frozen. This is the twelfth consecutive freeze saving the average UK car driver a cumulative £1,900, compared to the plans the previous Government set out in 2010.

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