Fuels: Prices

(asked on 15th October 2014) - View Source

Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, what plans he has to decrease the price of fuel throughout the UK.


Answered by
Priti Patel Portrait
Priti Patel
Shadow Secretary of State for Foreign, Commonwealth and Development Affairs
This question was answered on 22nd October 2014

Since 2011, the Government has taken action on fuel duty to support both households and businesses. As a result, pump prices will be nearly 20 pence per litre lower by the end of the parliament than they would have been under the previous government’s fuel duty plans.

In January 2013, the Office for Fair Trading published the results of a Call for Information to investigate whether or not competition problems existed in the road fuels market. This included investigating concerns that pump prices rise quickly when the wholesale price goes up but fall more slowly when it drops. Their analysis found very limited evidence of this, and in general, found that at a national level competition in the market is working well.

Reticulating Splines