Fuels: Prices
The question
To ask the Secretary of State for Energy Security and Net Zero, what steps he is taking to help ensure that potential reductions in wholesale fuel costs are passed on to consumers.
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 of the Exchequer and my Rt hon Friend the Secretary of State recently met with fuel retailers to set out a clear message: unfair practices will not be tolerated.
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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