Oil: Prices
The question
To ask the Secretary of State for Energy Security and Net Zero, what steps he is taking to ensure that changes in oil prices are reflected at UK petrol stations.
Answered by Martin McCluskey
The Government is committed to ensuring that motorists get a fair deal at the pump and we have taken several measures to protect consumers from fuel prices increases.
We have extended the temporary 5p fuel duty cut until 31 December 2026 which will save the average motorist £120.
We also worked with international partners through a co-ordinated release of strategic oil stocks, with the UK contributing 13.5 million barrels to help increase global supply and reduce upward pressure on prices
We have also introduced Fuel Finder, which is now being enforced by the Competition and Markets Authority (CMA), enabling drivers to compare fuel prices and find the cheapest fuel locally.
The CMA’s latest road fuels monitoring report, published on 1 June, found no evidence that retailers are exploiting recent market developments.
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