Fuels: Prices
The question
To ask the Chancellor of the Exchequer, what recent assessment she has made of the potential impact of fuel margins on household finances and poverty levels.
Answered by James Murray
The Government recognises that households are still struggling with the impact of the cost of living on their finances. The Government notes the Competition and Markets Authority’s (CMA) annual road fuel monitoring report found that fuel margins remain persistently high and are not explained by operating costs. This indicates that competition in the road fuel retail market remains weak.
To address this, the Government is implementing Fuel Finder and extending the 5p fuel duty cut until the end of August 2026, with rates then gradually returning to March 2022 levels by March 2027.
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