HC Deb 07 December 1973 vol 865 c498W
Mr. Madel

asked the Chancellor of the Exchequer what would be the loss of revenue to the Exchequer in the current financial year if a reduction of 5p per gallon were made on petrol.

Mr. Higgins

The revenue loss would be about £100 million for a reduction of 5p per gallon in the duty on road fuel.