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<p>The pump prices for petrol and diesel are affected by a number of factors including
the oil price and exchange rate. It is important for motorists to be confident that
they are being treated fairly, and that when wholesale costs of fuel come down, these
reductions are passed on transparently, and without unnecessary delay.</p><p> </p><p>The
Government believes this is achieved through effective market competition. In 2013,
the Office of Fair Trading found that competition in the road fuels sector was working
relatively effectively, although a competition problem was identified in the market
for road fuels on motorways, for which action was taken at Autumn Statement 2014.</p><p>
</p><p>The Government will continue to make it clear to industry that it expects it
to pass any savings that result from lower oil prices onto customers.</p><p> </p><p>The
Government has also frozen fuel duty in every year from 2011 to lessen the impact
of high fuel prices on households and business costs. By the end of 2019-20, fuel
duty will have been frozen for nine successive years, saving the average car driver
£1000 compared to the pre-2010 fuel duty escalator plans.</p>
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