Fuels: Excise Duties
The question
To ask the Chancellor of the Exchequer, if she will make an estimate of the proportion of the reduction in fuel duty made in 2022 that was passed on to consumers by petrol stations.
Answered by James Murray
Fuel duty rates were first reduced by 5p in March 2022 by the government at the time.
The Competition and Markets Authority’s Road Fuel Review into fuel prices, published on 8 July 2022, found that the 5p cut had largely been passed on to consumers.
At Autumn Budget 2024, the Government announced continued support for families and businesses, by extending the temporary 5p fuel duty cut for one year and cancelling the planned inflation increase for 2025-26. This maintains fuel duty rates at the levels set on 23 March 2022 for an additional 12 months and represents a saving of £59 for the average car driver in 2025-26.
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