Fuels: Excise Duties
(asked on 6th July 2022) - View Source
Question to the HM Treasury:
To ask Her Majesty's Government what steps they are taking to ensure that the five pence per litre cut to fuel duty is passed on to consumers.
This question was answered on 20th July 2022
The Government has been clear that it expects all those in the supply chain to pass the fuel duty cut through to consumers in full.
The Government has been clear that it expects all those in the supply chain to pass the fuel duty cut through to consumers in full.
In June, the Business Secretary requested that the independent Competition and Markets Authority (CMA) undertake an urgent review of the market for road fuel. The CMA’s initial findings suggest that the fuel duty cut appears to have been largely passed through, with the largest fuel retailers doing so immediately and others more gradually.
The Government fully supports the CMA in its further work to better understand the supply of the road fuel in the UK, and will await these findings.