Fuels: Prices

(asked on 11th March 2026) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what steps she is taking to support small haulage companies with fuel costs.


Answered by
Dan Tomlinson Portrait
Dan Tomlinson
Exchequer Secretary (HM Treasury)
This question was answered on 16th March 2026

The Government is taking action to ensure that fuel at the pump remains affordable. At Budget 2025, the Government extended the 5p-per-litre cut for a further five months, until the end of August this year. The Government has also cancelled the increase in line with inflation for 2026/27; instead, rates will only gradually return to early 2022 levels by March 2027. The 5p cut was introduced at following Russia’s invasion of Ukraine in 2022, when prices reached a peak of over £1.90 per litre.

The Government's action on fuel duty will save the average heavy goods vehicle more than £800 in 2026/27 compared to the plans inherited from the previous government. This follows an extended period where freezes to fuel duty have resulted in substantial savings for the haulage industry.

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