Fuels: Excise Duties
The question
To ask the Chancellor of the Exchequer, if she will make an assessment of the potential impact of increasing fuel duty by between one and 25 pence per litre by each one penny increment on (a) revenues to the Exchequer, (b) costs to businesses and (c) household finances.
Answered by James Murray
Fuel duty applies to petrol, diesel and other fuels for road and non-road uses, such as construction. The Government carefully considers the impact of fuel duty on households and businesses, with decisions on rates made at fiscal events.
Full forecasts for fuel duty revenue, certified by the Office for Budget Responsibility (OBR), will be published at Budget on 30 October.
HMRC regularly publish statistics relating to the direct effects of illustrative tax changes, including fuel duty. The most recent version of this publication can be found on GOV.UK:
https://www.gov.uk/government/statistics/direct-effects-of-illustrative-tax-changes.
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