Petition · past parliament · HM Treasury
Apply an ‘excess profits’ tax on oil and gas companies
Closed
58 signatures
What the petition asks
We want the government to tax ALL excess profits made by oil and gas firms in the UK in 2022 and 2023. Oil and gas company profits have been higher this year when compared to an average of their profits over the previous 3 years: 2019, 2020 & 2021.
These profits are not a result of increased productivity and excellence in their field of work. There was a supply side shock to the market and the oil and gas companies profited from the unusual shortage of supply.
We also ask the Government to give the money collected by this tax directly to UK tax payers.
We also ask the Government to give the money collected by this tax directly to UK tax payers.
Timeline
| 30 Sep 2022 | Petition opened for signatures |
| 30 Mar 2023 | Closed to new signatures |
Key facts
Signatures
58
Status
Closed
Department
HM Treasury
Opened
30 Sep 2022
Closed
30 Mar 2023
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Source: the official petition page. Last checked 15 Jul 2026.