Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment he has made of the potential economic merits of (a) freezing and (b) reducing fuel duty.

In response to high fuel prices, the Government announced at Spring Statement 2022 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 represents a tax cut worth around £2.4 billion in 2022-23, benefiting anyone who consumes fuel across the UK

The Government will confirm future policy on fuel duty in the Budget in the Spring, as has been the case in previous years.