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Petrol Duty

Volume 957: debated on Thursday 9 November 1978

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asked the Chancellor of the Exchequer what is his estimate of the yield of tax resulting from an increased tax on gasoline of 20p per gallon.

In the absence of other changes, increasing the excise duty on petrol to raise the price, including value added tax, by 20p per gallon would yield about £825 million in a full year.