Fuels: Prices
The question
To ask the Secretary of State for Energy Security and Net Zero, what assessment he has made of the potential implications for his policies of recent increases in petrol and diesel prices at forecourts following changes in global oil prices.
Answered by Martin McCluskey
Fuel markets are governed by competition and consumer protection law, overseen by the Competition Market Authority (CMA). The Government and the CMA are closely monitoring petrol and diesel prices in light of instability in the Middle East, and the Energy Minister and the Secretary of State recently met with the CMA who are considering what options they have available if there is evidence of unfair practices. We are also engaging regularly with refiners, importers and distributors to ensure any emerging risks are identified and managed promptly. The UK benefits from strong and diverse security of energy supplies, and there are no issues with fuel supply.
This government has also introduced the Fuel Finder scheme, which will increase price transparency so drivers can compare prices to find the best deal and incentivise greater competition.
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