HC Deb 01 May 1995 vol 259 c13W
Mr. Llwyd

To ask the President of the Board of Trade what is his estimate for the price elasticity of demand for road fuels in the United Kingdom in(a) 1996, (b) 2000 and (c) 2005; and if he will make a statement. [20925]

Mr. Page

Annex H of Energy Paper No. 65 contains estimates of the price elasticities in the DTI energy model. The long run price elasticity of demand used in the road transport sector is—0.41.