Fuels: Excise Duties

(asked on 20th September 2022) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment he has made of the impact of the five pence per litre reduction in fuel duty in March 2022 on (a) road haulage companies, (b) coach companies and (c) private consumers.


Answered by
Felicity Buchan Portrait
Felicity Buchan
Parliamentary Under Secretary of State (Department for Levelling Up, Housing and Communities)
This question was answered on 28th September 2022

The temporary 12-month fuel duty cut represents a tax cut worth around £2.4 billion for households and businesses in 2022-23.

Further information, including average savings for drivers, can be found here: https://www.gov.uk/government/publications/temporary-cut-to-fuel-duty/spring-statement-2022-fuel-duty-factsheet

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