Fuel Prices

In response to the campaign on fuel prices, David said:

"The Government recognises that fuel costs remain a significant part of business and household costs. In order to reduce living costs fuel duty has been frozen for a seventh successive year. In total this saves the average car driver £130 a year and the average van driver £350 a year, compared to pre-2010 fuel duty escalator plans. This is a tax cut worth £1 billion in 2017-18, and means the current fuel duty freeze is the longest for 40 years.

The Competition and Markets Authority, the body charged with monitoring competition within UK markets, investigated the fuel retail market in 2013 in order to determine whether there was anti-competitive behaviour by market participants. It found no evidence that retailers are colluding to fix pump prices.

Reduced duty rates are offered on alternative fuels as an incentive for drivers to move to cleaner fuels. Liquefied petroleum gas, compressed natural gas, liquefied natural gas, biomethane and aqua-methanol all benefit from reduced duty rates."

More information about the campaign can be found here.