Fuels: Excise Duties

Treasury written question – answered on 28th September 2022.

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Photo of Beth Winter Beth Winter Labour, Cynon Valley

To ask the Chancellor of the Exchequer, what assessment he has made of the impact of the five pence per litre reduction in fuel duty in March 2022 on (a) road haulage companies, (b) coach companies and (c) private consumers.

Photo of Felicity Buchan Felicity Buchan The Exchequer Secretary

The temporary 12-month fuel duty cut represents a tax cut worth around £2.4 billion for households and businesses in 2022-23.

Further information, including average savings for drivers, can be found here: https://www.gov.uk/government/publications/temporary-cut-to-fuel-duty/spring-statement-2022-fuel-duty-factsheet

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