Engagements

Part of Oral Answers to Questions — Prime Minister – in the House of Commons at 11:30 am on 4th June 2008.

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Photo of Gordon Brown Gordon Brown The Prime Minister, Leader of the Labour Party 11:30 am, 4th June 2008

I agree with my hon. Friend about the problems that have been caused to every citizen of the country by rising oil prices and rising gas prices. I think that people know that oil was $11 a barrel 10 years ago; it is now $130 a barrel. That means that petrol prices have risen and gas and electricity prices have risen. There are things that we can do internationally as well as nationally. We have raised the winter allowance, taken action to help low-income households, and suspended the rise in fuel duty for the time being, but there are also things that we can do internationally. One is that the European Union sorts out the gas and electricity markets, and we are pressing for that liberalisation to go ahead in the next few months. Another is the inquiry that Ofgem is mounting into competition in the industry. I believe that we need a dialogue between all oil consumers, gas consumers and gas and oil producers so that we can get the price of oil down, to the benefit of all people in this country.

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