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BBCNEWS BBC News June 4, 2024 14:03:00

The independent regulator to investigate. we have asked the authority now, the market authority, to have a look at this, to make sure, do a quick review, a proper review but quickly, to see why and how this money is being passed on to customers. we want to see this reduction being passed on to the public. a review is something the labour party had been calling for. i see the business secretary has finally got around to saying that today because naming and shaming, which was their previous policy, was never going to work. we need to make sure we have a functioning energy market, that when fuel duty is cut and indeed, when oil prices come down, that is actually experienced by people in their pockets. petrol retailers insist the cut is being reflected in prices at the pump. other european countries have slashed fuel duty by much more than 5p, and there are calls for britain to follow suit, but of course, it is notjust petrol and diesel that is costing more. ....

Market Authority , Business Secretary , Labour Party , Oil Prices , Functioning Energy Market , Petrol Retailers ,

BBCNEWS BBC News June 4, 2024 21:03:00

Regulator to investigate. we ve got to make sure it s being passed on and once we get the review of that, then it will be right to look at what more, if we need to, we can do to help people to make sure it s actually getting to where we want to see that support. there are calls for the government to cut fuel duty by more than 5p, as some other european countries have. labour wouldn t confirm if it would do so, but said the review was overdue. naming and shaming, which was their previous policy, was just never going to work. we need to make sure that they ve got a functioning energy market. petrol retailers insist the cut is being reflected in prices at the pump. the regulator says it stands ready to take action if it finds competition isn t working properly. but of course, it s notjust petrol and diesel that s costing more. food and energy bills have pushed inflation to its highest level in decades, and business leaders have suggested that households could in effect go into recession t ....

Labour Wouldn T , Functioning Energy Market , Petrol Retailers , Competition Isn T Working Properly , Notjust Petrol , Business Leaders ,

BBCNEWS BBC News June 4, 2024 13:03:00

To make sure, do a quick review, a proper review but quickly, to see why and how this money is being passed on to customers. we want to see this reduction being passed on to the public. a review is something the labour party had been calling for. i see the business secretary has finally got around to saying that today because naming and shaming, which was their previous policy, was never going to work. we need to make sure we have a functioning energy market, that when fuel duty is cut and indeed, when oil prices come down, that is actually experienced by people in their pockets. petrol retailers insist the cut is being reflected in prices at the pump. other european countries have slashed fuel duty by much more than 5p, and there are calls for britain to follow suit, but of course, it is notjust petrol and diesel that is costing more. food and energy bills have pushed inflation to its highest level in decades, and now, business leaders are using the r word recession. i think the tru ....

Business Secretary , Labour Party , Oil Prices , Functioning Energy Market , Petrol Retailers , Word Recession , Business Leaders ,

BBCNEWS BBC News June 4, 2024 16:05:00

It s a killer, it is actually a killer. i don t know how we re going to carry on affording travelling. it s horrendous, i don t know how people are going to survive. i rely on my car all the time and it is a huge cost to everybody. today, i can announce. in march, the chancellor announced a cut in fuel duty of 5p per litre, but ever since there have been concerns it is not being passed on to consumers, and now ministers have instructed the independent regulator to investigate. we have asked the authority now, the market authority, to have a look at this, to make sure, do a quick review, a proper review but quickly, to see why and how this money is being passed on to customers. we want to see this reduction being passed on to the public. a review is something the labour party had been calling for. i see the business secretary has finally got around to saying that today, because naming and shaming, which was their previous policy, just was never going to work. ....

British Army In March , Fuel Duty , Market Authority , Business Secretary , Labour Party ,

BBCNEWS BBC News June 4, 2024 19:09:00

In march, the chancellor announced he was cutting the tax the government charges on petrol and diesel, fuel duty, by 5p per litre, but there are concerns the saving has not found its way to the forecourts. now ministers have instructed the independent regulator to investigate. we have got to make sure it is being passed on and once we get the review of that, then it will be right to look at what more, if we need to, we can do to help people to make sure it is actually getting to where we want. there are calls for the government to cut fuel duty by more than 5p, as some other european countries have. labour wouldn t confirm if it would do so but said the review was overdue. naming and shaming, which was their previous policy, wasjust never going to work. we need to make sure that we have got a functioning energy market. petrol retailers insist the cut is being reflected in prices at the pump. the regulator says it stands ready to take action if it finds competition is not working proper ....

Fuel Duty , 5p Per Litre , Labour Wouldn T , Functioning Energy Market , Notjust Petrol , Petrol Retailers ,