Fuels: Prices

(asked on 10th July 2018) - View Source

Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, what steps the Government is taking to help keep fuel prices for motorists low.


Answered by
Robert Jenrick Portrait
Robert Jenrick
This question was answered on 18th July 2018

To support British households and businesses, at Autumn Budget 2017, the government froze fuel duty for the eighth successive year. By April 2019, these freezes will have saved the average car driver a total of £850 compared to the pre-2010 escalator.

Since 2011, the announced freezes to fuel duty have meant the Exchequer has not collected around £46 billion in revenues through to 2018-19, and a further £38 billion of revenues will be foregone over the forecast period as a result of these previously announced freezes.

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