Ed Balls reaction to the budget

The transcript discusses the minimal impact of a one-penny cut on petrol prices amidst high costs. It highlights consumer hopes that savings are passed on and not retained by oil companies. The government's role, particularly George's involvement, is noted, questioning why a previous petrol tax increase wasn't reversed. The speaker urges for a reversal to provide more substantial relief to motorists.

What is implied about the oil companies in the text?

What impact would reversing the petrol price rise have on motorists?