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Future oil prices are inherently uncertain. In their October 2018 Economic and Fiscal Outlook the OBR assumed oil prices would average 80.2 US dollars per barrel in 2019 based on forward market prices, although oil prices have subsequently fallen in recent weeks. See https://obr.uk/download/october-2018-economic-and-fiscal-outlook-supplementary-economy-tables/<\/a> (Table 1.9).<\/p>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/3974", "label" : {"_value" : "Biography information for Claire Perry"}
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, "answeringMemberPrinted" : {"_value" : "Claire Perry"}
, "dateOfAnswer" : {"_value" : "2018-11-19", "_datatype" : "dateTime"}
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, "date" : {"_value" : "2018-11-12", "_datatype" : "dateTime"}
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], "questionText" : "To ask the Secretary of State for Business, Energy and Industrial Strategy, what estimate he has made of the cost of a barrel of crude oil over the next 12 months.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
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, {"_about" : "http://data.parliament.uk/resources/171129", "AnsweringBody" : [{"_value" : "Department for Energy and Climate Change"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/171129/answer", "answerText" : {"_value" : " The Government believes that it is important that consumers get a fair deal and that falls in oil prices are passed on to lower prices for motorists. We wrote to major fuel retailers on 7 November seeking reassurance that they were fully passing on changes in the oil price to UK consumers at pumps in full and as quickly as possible.<\/p> The Department regularly meets petrol retailers and their representatives, and closely monitors pump prices, publishing data regularly:<\/p>