Written question asked by Baroness Ritchie of Downpatrick (Social Democratic & Labour Party) on Thursday, 18 December 2014, in the House of Commons. It was due for an answer on Monday, 5 January 2015 (named day). It was answered by Priti Patel (Conservative) on Monday, 23 March 2015 on behalf of the Treasury.
Fuels: Prices
- Question
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To ask Mr Chancellor of the Exchequer, what assessment he has made of recent trends in the relationship between the global price of oil and the cost of petrol in the UK.
- Answer
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The crude oil price is currently around $60 per barrel having fallen around 45 per cent since their peak in June last year.
The fall in crude oil prices are being passed through in lower prices at petrol pumps. The average price of petrol has fallen by 15.3 per cent from its peak of 131 pence per litre in July last year to 111 pence per litre. Average diesel prices have fallen by 14.5 per cent from their peak last year.
The government has made very clear that it will watch industry to ensure that savings from the fall in oil prices are being passed through to consumers.
Secondary information
- Type
- Written question
- Reference
- 219505
- Session
- 2014-15
- Subjects
- Fuels Oil Prices
- Link
- View this Written question on www.parliament.uk
Librarians' tools
- Timestamp
- 2015-03-23 16:24:02 +0000
- URI
- http://data.parliament.uk/writtenparliamentaryquestion/commons/2014-15/219505
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