Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what the policy objectives are of the reduction to fuel duty by five pence per litre announced on 23 March 2022.

The tax information and impact note for the recent fuel duty cut includes detail of the measure’s policy objective and can be viewed here: https://www.gov.uk/government/publications/changes-to-fuel-duty-rates/fuel-duty-rates-2022-23.

The Government has been clear that it expects those in the supply chain to pass the fuel duty cut through to consumers as promptly as possible. Following a request from the Business Secretary, the Competition and Markets Authority will undertake a short and focused review of the fuel market, and will provide advice to the Government on steps that could be taken to improve outcomes for consumers.

All taxes are kept under review.