§ Mr. JackTo ask the Chancellor of the Exchequer what was in each of the last five financial years the amount of tax revenue received per barrel of oil produced. [3378]
§ Dawn PrimaroloNorth Sea oil tax revenues received per barrel of oil produced in the same financial year, including revenues from gas production converted into equivalent amounts of oil, are in the table below.
Tax1 revenue per barrel 1992–93 1.20 1993–94 1.00 1994–95 1.20 1995–96 1.70 1996–972 2.30 1 Petroleum revenue tax, corporation tax, and royalty. 2 Provisional.