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Joined 3 years ago
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Cake day: July 29th, 2023

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  • Since the fuel price is set by market forces (rather than a cost plus model), and the law doesn’t prevent price gouging in energy (those laws only apply to supermarkets) we’ll likely see a drop (or at least a pause in the increases) when it’s first introduced, but then the fuel companies will slowly wind it back up till they are pocketing the excise change.

    So no - there’s no framework forcing the saving to be passed on to motorists, and in the medium term it will go to fuel companies, funded by taxpayers.