Fuels: Prices
Commons · Question 122126 · Tabled 19 Mar 2026 · Treasury · Official record
Answered 26 Mar 2026
Question
Asked by Wendy Morton
To ask the Chancellor of the Exchequer, what assessment she has made of the potential combined impact of the proposed increase in fuel duty and the recent rise in global oil prices on the price of petrol and diesel in the next 12 months.
Answer
Answered by Dan Tomlinson, 26 Mar 2026
The Chancellor considers a wide range of impacts when taking decisions on tax policy. At Budget 2025, the Government announced that the 5p cut in fuel duty would be extended until the end of August 2026, with rates then gradually returning to March 2022 l...