Fuel Oil and Liquefied Natural Gas: Prices

(asked on 28th June 2022) - View Source

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

To ask Her Majesty's Government what recent discussions they have had regarding the adequacy of regulations governing the costs paid by off-grid households for (1) oil, and (2) liquified petroleum gas.

Answered by
Lord Callanan Portrait
Lord Callanan
Parliamentary Under Secretary of State (Department for Energy Security and Net Zero)
This question was answered on 12th July 2022

The Government understands that fuel prices are an important component of off-grid household and business expenditures and recognises the impact of fuel costs on UK consumers.

The main drivers of changes in heating oil and liquified petroleum gas are the international traded prices of crude oils and refined products. The Government continues to monitor the market closely. An open and competitive market is the best way to keep prices low.

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