§ Mr. Matthew TaylorTo ask the Chancellor of the Exchequer if he will estimate the total income to the Treasury, measured against an indexed base, resulting from an increase in petrol and diesel duties of(a)3p per litre and (b)4.5p per litre. [10204]
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§ Mr. OppenheimIndexed base estimates strip out the effect of the pre-announced 5 per cent. real increase in road fuel duties. In the 1996 Budget, this accounts for £1.2 billion of the £1.4 billion total increase in revenue in 1997–98 referred to in my previous written answer to the hon. Member,Official Report, 11 December 1996, column 209. Accordingly, on an indexed base alone, a 3p per litre increase in petrol and diesel duties in the 1996 Budget would yield the remaining £0.2 billion in 1997–98. Similarly, on a purely indexed base, a 4.5p per litre increase in petrol and diesel duties would yield £0.9 billion, bringing the total yield to the £2.1 billion referred to in my previous answer.