Fuels: Excise Duties

Department for Business, Energy and Industrial Strategy written question – answered on 28th September 2022.

Alert me about debates like this

Photo of Beth Winter Beth Winter Labour, Cynon Valley

To ask the Secretary of State for Business, Energy and Industrial Strategy, what assessment he has made of the impact of the five pence per litre reduction in fuel duty in March 2022 on retailers of (a) petrol and (b) diesel.

Photo of Graham Stuart Graham Stuart Minister of State (Minister for Climate)

The Competition and Markets Authority (CMA) in June carried out an urgent review of the fuel market. The initial findings, published in July, found that retailers of petrol and diesel likely incurred an immediate cost as they cut prices to users but continued to sell fuel previously purchased at a higher duty rate.

Does this answer the above question?

Yes0 people think so

No0 people think not

Would you like to ask a question like this yourself? Use our Freedom of Information site.