Fuels: Prices
The question
To ask the Secretary of State for Energy Security and Net Zero, what plans he has to improve competition to reduce fuel prices for motorists.
Answered by Martin McCluskey
Fuel price trends are monitored nationally and published in the Department’s weekly statistics on GOV.UK. The Competition and Markets Authority (CMA) oversee market transparency and compliance and publish quarterly and yearly reports on GOV.UK.
Fuel Finder will increase fuel price transparency for drivers to make more informed choices of where to buy petrol and diesel and will incentivise competition between fuel retailers to lower their prices to attract customers.
Once launched, our analysis suggests that households who own a car could save an average of around £40 a year.
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