Fuel Oil: Small Businesses
The question
To ask the Secretary of State for Energy Security and Net Zero, whether he plans to provide targeted support to businesses that use heating oil.
Answered by Martin McCluskey
The government recognises that many businesses across the country will see the global events and be concerned about the impact on their fuel bills. We are monitoring the situation closely and actively engaging with industry and trade associations to understand what support may be needed.
It is vital that consumers are treated fairly. Price gouging will not be tolerated. My Rt hon Friend the Secretary of State has written to the heating oil industry setting out our expectations that they adhere to the industry’s Code of Practice.
We have also requested the CMA undertake a detailed examination of the heating oil market and we will work closely with the CMA to understand their findings and develop options to increase consumer protection.
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