Fuels: Excise Duties

(asked on 6th June 2022) - View Source

Question to the HM Treasury:

To ask Her Majesty's Government what plans they have to reduce fuel duty.


Answered by
Baroness Penn Portrait
Baroness Penn
This question was answered on 16th June 2022

At Spring Statement 2022 in response to fuel prices reaching record levels, the government announced a temporary 12-month cut to duty on petrol and diesel of 5p per litre.

This is the largest cash-terms cut across all fuel duty rates at once, ever, and is only the second time in 20 years that main rates of petrol and diesel have been cut. This cut represents savings for households and businesses worth around £2.4 billion in 2022-23.

All taxes, including fuel duty, remain under review.

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