Written question asked by Norman Baker (Liberal Democrat) on Tuesday, 6 May 2008, in the House of Commons. It was due for an answer on Friday, 9 May 2008. It was answered by Jim Fitzpatrick (Labour) on Monday, 12 May 2008 on behalf of the Department for Transport.

Oil: Prices

Question: To ask the Secretary of State for Transport pursuant to the answer of 4 March 2008, Official Report, columns 2263-4W, on oil: prices, whether she plans to revise her projections for the future price of oil in (a) 2010, (b) 2015 and (c) 2020.

Answer: [holding answer 9 May 2008]: The Department for Transport uses oil price projections from the Department for Business, Enterprise and Regulatory Reform (BERR) in its transport modelling. On 2 May 2008, BERR published revised oil price assumptions to (a) $65; (b) $68; and (c) $70 for the years requested. These are in 2007 prices and refer to their central scenario.We are in the process of using these updated projections to make new road traffic and congestion forecasts. The new oil price projections will also be incorporated into the latest versions of Department guidance and software used in developing business cases for funding by promoters.

Secondary information

Type: Written question
Reference: 475 c1297W; 204668
Session: 2007-08
Related items: Oil: Prices
Tuesday, 4 March 2008
Written questions
House of Commons
Subjects: Oil Prices
Link: View this Written question on www.publications.parliament.uk