HC Deb 10 February 1972 vol 830 cc441-2W
89. Mr. John Morris

asked the Secretary of State for Trade and Industry what has been the increase in the cost of oil to the steel and electricity industry since September, 1970, following recent price negotiations with exporters; and what is the effect and cost of this on balance of payments.

Mr. Ridley

The price paid by the steel and electricity industries for oil is a matter for the industries themselves.