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Written question asked by Kelvin Hopkins (Labour) on Thursday, 19 March 2015, in the House of Commons. It was due for an answer on Tuesday, 24 March 2015 (named day). It was answered by Priti Patel (Conservative) on Tuesday, 24 March 2015 on behalf of the Treasury.


Transport: Freight

Question

To ask Mr Chancellor of the Exchequer, what estimate he has made of the effects of changes in oil prices since August 2014 on the cost of moving freight by (a) rail, (b) road and (c) sea.

Answer

HM Treasury has made no detailed estimate of the effect of the change in oil price since August 2014 specifically in relation to the cost of moving freight by rail, road or sea.

However Government have made clear that it expects industry to pass any savings that result from lower oil prices onto their customers.


Secondary information

Type
Written question
Reference
228412
Session
2014-15
Registered interest declared
Yes
Subjects
Costs Freight Oil Prices Transport
Contains statistics
Yes
Link
View this Written question on www.parliament.uk