Fuels: Prices

(asked on 7th January 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 forecast he has made of trends in the cost of fuel in the UK up to the end of 2022.


Answered by
Greg Hands Portrait
Greg Hands
Minister of State (Department for Business and Trade)
This question was answered on 17th January 2022

Retail prices of petroleum products such as petrol and diesel are primarily driven by the underlying price in the global market of crude oil (priced in US$) and exchange rates. Recognising that fuel is a major cost for households and businesses, the Government has kept fuel duty frozen for 12 successive years.

Reticulating Splines