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Petrol

Volume 930: debated on Tuesday 19 April 1977

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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.

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.