e-petition 331453, relating to funding for Transport for London

Documents to download

A Westminster Hall debate on an e-petition relating to funding for Transport for London [free transport for under-18s] is scheduled for Monday 30 November 2020, from 6-7:30pm. Ellliot Colburn MP of the Petitions Committee, will open the debate.

Taxation of road fuels

This Commons Library briefing discusses the approach of Labour, Coalition and Conservative Governments since 2010 to taxing road fuels.
Petrol and diesel prices

Prices of petrol and diesel increased rapidly after Russia invaded Ukraine and reached new records in mid-March 2022. They fell back after the cut in duty, but have since increased again. In early May 2022 the UK had the 8th highest petrol and 3rd highest diesel prices in the EU+UK.
- Energy
- Roads
Oil Prices

Spot oil prices jumped after the Russian invasion of Ukraine and continued to rise through early March. They reached $127 per barrel on 8 March 2022. The price in Sterling set a new record on the same day of £97 per barrel. This was 21% above the earlier peak in 2012. Oil prices crashed after the coronavirus pandemic and subsequent lockdown led to a dramatic cut in demand. Prices fell from almost $70 a barrel in early January to below $20 per barrel in late April 2020. Oil prices peaked in July 2008 at almost $150 per barrel and were in the $100-125 range for much of 2011 to early 2014.