'The House will be aware that Clause 15 makes provision for the 2 pence per litre increase in fuel duty which was expected to take place on 1 October 2008. However in response to the sharp rises in world commodity prices and with the price of oil almost doubling over the past year to reach a real-terms record high the Chancellor of the Exchequer announced on Wednesday of this week that the increase would be postponed.' (Col...
