§ Mr. FlightTo ask the Chancellor of the Exchequer what estimate he has made of the income tax receipts foregone, since 1 October 2000, as a result of the Government's policy of levying a lower rate of tax on ultra-low sulphur petrol. [91023]
§ John HealeyNo income tax receipts have been foregone, but the cost to the Exchequer of introducing, in October 2000, a lower duty rate for ultra-low sulphur petrol (ULSP) relative to that for ordinary unleaded petrol, is estimated to be £1,200 million to December 2002. Complete conversion of the UK unleaded petrol markets to these cleaner specification fuels has been achieved.