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Petrol

Volume 932: debated on Monday 16 May 1977

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14.

asked the Secretary of State for Energy what criteria are used in calculating the correspondence between the rise in price of petrol with the reduction in consumption.

Estimates of the effects of changes in the price of petrol on consumption are made by reference to the results of recent studies which have analysed previous experience of such changes. Some such results were published in February 1977 by the Department in Energy Paper No. 17, Report of the Working Party on Energy Elasticities.