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Road Fuel Prices

03 July 2023

Lead MP

Graham Stuart

Debate Type

Ministerial Statement

Tags

TaxationBusiness & TradeStandards & Ethics
Other Contributors: 23

At a Glance

Graham Stuart raised concerns about road fuel prices in the House of Commons. A government minister responded. Other MPs also contributed.

How the Debate Unfolded

MPs spoke in turn to share their views and ask questions. Here's what each person said:

Government Statement

TaxationBusiness & TradeStandards & Ethics
Government Statement
The Minister highlighted the shocking findings of a recent Competition and Markets Authority report on fuel prices, noting an increase in retail margins, especially for diesel. The financial impact from 2019 to 2022 amounted to £900 million for supermarket fuel retailers alone. He emphasised the unacceptable overcharging during a cost-of-living crisis and announced that the Government would accept the CMA’s recommendations fully. This includes creating a statutory open data scheme for retail fuel prices, an ongoing monitoring function, and implementing a voluntary scheme by next month to ensure price transparency and fair competition.

Shadow Comment

Tim Farron
Shadow Comment
The shadow expressed disappointment over the Government's failure to act sooner in addressing fuel retailers' overcharging, which imposed an additional cost of £900 million on motorists. He criticised the slow response from the Government despite clear evidence of price manipulation by fuel retailers and emphasised that higher road fuel prices exacerbate inflation across all sectors. The shadow also proposed expanding the 5p per litre rural fuel duty relief scheme to cover more areas, especially those in need like Cumbria.
Assessment & feedback
Summary accuracy

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House of Commons debates take place in the main chamber of the House of Commons. These debates cover a wide range of topics including government policy, legislation, and current affairs. MPs from all parties can participate, question ministers, and hold the government accountable for its decisions.