Fuels: Price Caps
The question
To ask the Chancellor of the Exchequer, what assessment she has made of the potential merits of introducing temporary emergency price controls on retail petrol and diesel prices.
Answered by James Murray
The Government and the CMA are closely monitoring petrol and diesel prices in light of instability in the Middle East, while the CMA are considering what options they have available if there is evidence of unfair practices.
The government are also engaging regularly with refiners, importers and distributors to ensure any emerging risks are identified and managed promptly. Households should be reassured the UK benefits from strong and diverse security of energy supplies, and there are no issues with fuel supply.
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