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Volume 477: debated on Friday 13 June 2008

To ask the Secretary of State for Transport whether her Department plans to re-evaluate its transport appraisals using the current guide price for oil of $120 per barrel. (208923)

The Department does not plan to re-evaluate appraisals on the basis of the current guide price for oil. Transport improvements have long-term impacts many years into the future and current oil prices will necessarily only provide some of the evidence. The Department of Business, Enterprise and Regulatory Reform (BERR) analyses both current oil prices and factors determining long-term trends in the price of oil. The Department for Transport provides promoters with fuel price forecasts based on BERR forecasts.