HC Deb 02 February 1953 vol 510 c171W
Mr. Lewis

asked the Minister of Fuel and Power if he is aware that, during the year ended December, 1952, the price of heavy fuel oil rose by 6 per cent. and paraffin by 11 per cent.; what was the reason for these price increases; and what steps he is taking to reduce the price of these oils.

Mr. Geoffrey Lloyd

The maximum wholesale price of heavy fuel oil fell during 1952 owing to reductions in the world price and in ocean freight charges. The maximum wholesale price of burning oil rose by about 3 per cent. on the average, because of higher distribution costs, offset in part by lower ocean freight charges. These prices are regularly reviewed by my Department and reductions are made as and when justified by lower costs.