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Oil: Prices

Volume 487: debated on Thursday 5 February 2009

To ask the Secretary of State for Transport what assumptions on the price of oil his Department used in developing its High Level Output Statement; and whether he plans to revise such assumptions. (253690)

The oil price assumptions used in the High Level Output Statement were taken from the National Transport Model and the Department for Transport (DFT) Appraisal Guidance, details of which are available on the DFT website at

www.dft.gsi.gov.uk.

These forecasts are kept under review and updated as necessary.