Fuel Oil and Liquefied Petroleum Gas: Prices
The question
To ask the Secretary of State for Energy Security and Net Zero, what assessment his Department has made of the prevalence of price gouging for (a) domestic heating oil and (b) liquefied petroleum gas.
Answered by Martin McCluskey
Price gouging will not be tolerated. That is why the Chancellor has written to the Competition and Markets Authority (CMA) to ask it to remain vigilant on heating oil prices and support action to tackle unjustified price increases.
Wholesale prices for heating oil have risen more sharply than for LPG and concerns in the heating oil sector were raised immediately. The CMA will apply its person-centred, needs-based approach as appropriate, and its general operating principles extend to addressing any potential concerns in the LPG market. The Government and the CMA will not hesitate to take action if companies are found to have breached consumer protection laws.
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