Fuels: Taxation

Treasury written question – answered on 4th July 2022.

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Photo of Matthew Offord Matthew Offord Conservative, Hendon

To ask the Chancellor of the Exchequer, if he will reduce the amount of taxation levied on fuels.

Photo of Helen Whately Helen Whately The Exchequer Secretary

At Spring Statement 2022 in response to fuel prices reaching record levels, the government announced a temporary 12-month cut to duty on petrol and diesel of 5p per litre.

This is the largest cash-terms cut across all fuel duty rates at once, ever, and is only the second time in 20 years that main rates of petrol and diesel have been cut. This cut represents savings for households and businesses worth around £2.4 billion in 2022-23.

All taxes, including fuel duty, remain under review.

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