Fuels: Prices
The question
To ask the Secretary of State for Energy Security and Net Zero, what assessment he has made of the potential impact of fuel price volatility on UK construction and haulage firms; and what steps he is taking to protect businesses and consumers from sudden price shocks.
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 Chancellor and Secretary of State recently met with fuel retailers to set out a clear message: unfair practices will not be tolerated.
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.
The Department for Business and Transport is also monitoring the situation and is in regular contact with stakeholders.
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