§ Dr. Julian LewisTo ask the Chancellor of the Exchequer what assessment he has made of the extent to which differential tax rates account for the different cost to the motorist of unleaded petrol and lead replacement petrol. [134965]
§ Mr. TimmsThe current difference in the tax rates for unleaded and lead replacement petrol accounts for 2.43 pence per litre (excise duty plus associated VAT). However, as announced in the PBR, subject to consultation on the environmental implications, the duty premium will be removed in Budget 2000.
Retail price of fuel reflects the influence of a number of variable commercial and economic factors apart from duty.