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Fuel Oil: Prices

Question for Department for Business, Energy and Industrial Strategy

UIN HL1128, tabled on 21 June 2022

To ask Her Majesty's Government what steps they are taking to assist households who not have a mains gas supply and are dependent on heating oil, as the cost of oil increases.

Answered on

5 July 2022

The Government understands that fuel prices are an important component of UK household and business expenditures and understands the negative impact of domestic fuel costs on UK consumers.

The main drivers of changes in heating oil prices are the international traded prices of crude oils and refined products. BEIS continues to monitor the market closely and to work with the industry to mitigate any supply risks to ensure that prices stay as low as possible.

The Government recently announced a £15 billion package to support households with the cost of living, in addition to over £22 billion that had already been committed.