Vegetable Oils: Prices

Department for Transport written question – answered on 7th December 2022.

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Photo of Jesse Norman Jesse Norman Minister of State (Department for Transport)

The price of HVO is ultimately driven by market conditions and production costs, however, the operation of the RTFO is the Government’s primary mechanism for addressing the cost difference between fossil fuels and renewable fuels such as HVO.

Ministers have not had any conversation with Cabinet colleagues recently regarding price of HVO specifically. But the Government recognises the important contribution that fuels such as HVO can play as it works to decarbonise transport.

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