Petrol

HC Deb 19 April 1977 vol 930 c10W

Mr. Arthur Lewis

asked the Chancellor of the Exchequer if he will give an estimate of the revenue which will accrue to the Treasury by his imposition of the increased tax on petrol announced in his Budget.

Mr. Robert Sheldon

As my right hon. Friend said in his Budget Statement, the proposed increase in road fuel duty will produce an overall revenue increase, including VAT, of £300 million in a full year.