To ask the Secretary of State for Transport, whether he has (a) taken recent steps to help reduce and (b) had recent discussions with Cabinet colleagues on the price of hydrogenated vegetable oil.
Answered on
7 December 2022
The price of HVO is ultimately driven by market conditions and production costs, however, the operation of the RTFO is the Government’s primary mechanism for addressing the cost difference between fossil fuels and renewable fuels such as HVO.
Ministers have not had any conversation with Cabinet colleagues recently regarding price of HVO specifically. But the Government recognises the important contribution that fuels such as HVO can play as it works to decarbonise transport.
Answered by
Department for Transport