Fossil Fuels: Prices
Commons · Question 64445 · Tabled 2 Jul 2025 · Treasury · Official record
Answered 8 Jul 2025
Question
Asked by Kirsty Blackman
To ask the Chancellor of the Exchequer, when her Department plans to respond to the consultation on the Oil and gas price mechanism, which closed on 28 May 2025.
Answer
Answered by James Murray, 8 Jul 2025
The government is committed to providing long-term certainty to the oil and gas sector over the future fiscal regime. That is why the Oil and Gas Price Mechanism consultation, published on 5 March 2025, explored proposals for how the tax system should res...