Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what recent assessment he has made of the impact of the reduction of fuel duty by five pence per litre on the cost of fuel at the pump.

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.