Diesel Fuel and Petrol: Prices

(asked on 11th May 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 steps his Department has taken to help ensure that petrol and diesel companies are not overcharging for fuel by charging in greater than normal excess compared to the wholesale cost of oil.


Answered by
Greg Hands Portrait
Greg Hands
Minister of State (Department for Business and Trade)
This question was answered on 20th May 2022

The Department monitors the fuel supply market and publishes weekly national average pump prices.

BEIS analysis shows that both rises and falls in crude oil prices are passed through to consumers over the course of 6-7 weeks and found no evidence to suggest that, for given changes in crude oil prices, retail prices rise faster than they fall.

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