HC Deb 16 December 1974 vol 883 c336W
Mr. Arnold

asked the Chancellor of the Exchequer what progress has been achieved towards obtaining the consent of the Government of Iran to a moratorium on any further increase in the export price of Iranian petroleum products; and if he will make a statement.

Mr. Ennals

I have been asked to reply.

It appears from the communiqué issued by the Organisation of Petroleum Exporting Countries in Vienna last weekend that the price of oil will be frozen at the new level for the first nine months of next year.