Fuels: Excise Duties

(asked on 20th September 2022) - View Source

Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy, what assessment he has made of the impact of the five pence per litre reduction in fuel duty in March 2022 on retailers of (a) petrol and (b) diesel.


Answered by
Graham Stuart Portrait
Graham Stuart
This question was answered on 28th September 2022

The Competition and Markets Authority (CMA) in June carried out an urgent review of the fuel market. The initial findings, published in July, found that retailers of petrol and diesel likely incurred an immediate cost as they cut prices to users but continued to sell fuel previously purchased at a higher duty rate.

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