Martin McCluskey

Martin McCluskey

Labour — Inverclyde and Renfrewshire West

Speaking in the House of Commons on 15 September 2026

Debate

Saudi East-West Oil Pipeline

Contribution

The hon. Gentleman will, I am sure, have seen the Competition and Markets Authority report on heating oil, published before the recess, and its recommendations for the actions we should take. We are studying the recommendations and will have a Government response to them in due course. The CMA raised concerns, though, about the impact of a potential price cap. This market does not operate in the same way as the traditional gas and electricity market. We would need to carefully consider the perverse impacts that might result from a straightforward price cap. There are other recommendations in the CMA report that we are, as I said, looking at and closely studying to make sure that people who have been affected by heating oil price increases are protected. The previous Prime Minister was very clear that the heating oil market was not working as it should, and I agree. I look forward to publishing the Government response soon.

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