Parliament Website

Lower Oil Prices And The Bus Industry

EDM number 907 in 2014-15, proposed by Ian Lavery on 23/03/2015.
Categorised under the topics of Buses, Companies and Oil, petrol and natural gas.

That this House notes that the price of oil is 50 per cent below its recent trend price and is forecast to stay at its new lower level for a prolonged period; further notes that, while falls in the oil price represent pure profit for bus companies, bus fares increased by an average of 4.8 per cent across the UK between December 2013 and December 2014; understands that while some bus companies may have hedged their fuel costs on the basis of a higher oil price, that would only cover a portion of their fuel bill; believes that most bus companies' hedge period has expired since oil prices fell; recognises that bus companies are supported by taxpayer-funded grants which are devolved to local councils; and calls for an inquiry to determine whether the bus companies are profiteering from the fall in oil prices instead of passing on the benefit of the fall through reduced bus fares and improved services.

This motion has been signed by a total of 29 MPs.

Ian Lavery23/03/2015WansbeckLabourProposed
John McDonnell23/03/2015Hayes and HarlingtonLabourSeconded
Katy Clark23/03/2015North Ayrshire and ArranLabourSeconded
Grahame Morris23/03/2015EasingtonLabourSeconded
Chris Williamson23/03/2015Derby NorthLabourSeconded
Paul Flynn23/03/2015Newport WestLabourSeconded
Kate Hoey23/03/2015VauxhallLabourSigned
Jeremy Corbyn23/03/2015Islington NorthLabourSigned
Kelvin Hopkins23/03/2015Luton NorthLabourSigned
Ian Mearns23/03/2015GatesheadLabourSigned
Jim Sheridan23/03/2015Paisley and Renfrewshire NorthLabourSigned
Mark Durkan23/03/2015FoyleSocial Democratic and Labour PartySigned
George Galloway24/03/2015Bradford WestRespectSigned
Liz McInnes24/03/2015Heywood and MiddletonLabourSigned
David Anderson24/03/2015BlaydonLabourSigned
David Crausby24/03/2015Bolton North EastLabourSigned
Graham Stringer24/03/2015Blackley and BroughtonLabourSigned
Jim Shannon24/03/2015StrangfordDUPSigned
William McCrea24/03/2015South AntrimDUPSigned
Dennis Skinner24/03/2015BolsoverLabourSigned
John Leech25/03/2015Manchester, WithingtonLiberal DemocratSigned
Jim Cunningham25/03/2015Coventry SouthLabourSigned
Alan Meale25/03/2015MansfieldLabourSigned
Martin Caton25/03/2015GowerLabourSigned
Steve Rotheram25/03/2015Liverpool, WaltonLabourSigned
Ronnie Campbell25/03/2015Blyth ValleyLabourSigned
Caroline Lucas25/03/2015Brighton, PavilionGreenSigned
Sandra Osborne25/03/2015Ayr, Carrick and CumnockLabourSigned
Alasdair McDonnell25/03/2015Belfast SouthSocial Democratic and Labour PartySigned

Download raw data as csv or xml.