Martin McCluskey

Martin McCluskey

Labour — Inverclyde and Renfrewshire West

Speaking in the House of Commons on 16 March 2026

Debate

Heating Oil Support

Contribution

This Government will not stand for any profiteering in the system. That is why the Chancellor and the Secretary of State brought the petrol retailers in last week, for example, to make that abundantly clear to them. We have also made it abundantly clear to the representatives of the heating oil industry. When it comes to the electricity and gas suppliers, we took action through the Budget last year to remove costs from energy bills and reduce energy costs by 7% from April. We will cut no corners in holding companies to account where we think there is any sense of profiteering or manipulation of price. That is what the CMA is examining for us, and that is why we will examine what it comes forward with for the heating oil industry and decide whether there is a need for regulation.

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