In part 1 of this paper, it was demonstrated that a nitroglycerine and polyethylene glycol based propellant containing ammonium perchlorate degraded at a slower rate at temperatures of 80 degrees C or less compared with the other two energetic materials studied which did not have this oxidizer present. It was suggested that ammonium perchlorate might act as an oxygen inhibitor reducing the oxidation rate of the polyethylene glycol binder which decreases the rate of propellant decomposition. In part 2, the specific interaction between ammonium perchlorate, nitroglycerine and polyethylene glycol is reported. It has been shown that at temperatures lower than 90 degrees C, if there is any uncured and unstabilised PEG present, nitroglycerine rapidly degrades in the presence of ammonium perchlorate but this is prevented if stabiliser is added. In addition, ammonium perchlorate initially appears to hinder acid hydrolysis of nitroglycerine which also slows down the degradation of polyethylene glycol based propellants. However, in the long term at low temperatures, or short term at higher temperatures, AP accelerates the decomposition of NG.