division_name: Finance Bill &#8212; New Clause 7 &#8212; Road Fuel Regulator
motion: <p class="" pid="a.360.2/1" pwmotiontext="yes">I beg to move, That the clause be read a Second time.</p>
  
  <p class="" pid="a.360.2/2" pwmotiontext="yes">We are seeking to amend the Hydrocarbon Oil Duties Act 1979 with the new clause, which, I am pleased to say, has the support of the Road Haulage Association as well as members of the Scottish National party, Plaid Cymru, the Democratic Unionist party, the Ulster Unionist party and the Social Democratic and Labour party. It is designed to deal with oil prices that are exceptionally high for various reasons and with exceptionally high pump prices for road fuel. It has no impact at all on expected revenue, because the mechanism would apply only when oil prices and revenues are above the Chancellor's forecast range or when the fuel price at the pump increases by more than 3p over a six-month period. As it applies only when fuel prices are abnormally high, it has no implications for the environmental benefits sought by the ongoing managed increase in duties.</p>
  
  <p pid="a.381.5/1" pwmotiontext="yes"><i>Question put,</i> That the clause be read a Second time:&#8212;</p>
  
  <p pid="a.381.5/2" pwmotiontext="yes"><i>The House divided:</i> Ayes 12, Noes 351.</p>