§ Mr. Warrenasked the Secretary of State for Energy what reductions in oil prices in the United Kingdom have resulted from the reduction in prices by individual members of OPEC.
§ Mr. John SmithNot all members of OPEC have reduced their crude oil prices; some have increased them. But the Price Commission monitors the costs of the oil companies and under the provisions of the price code prices should be reduced when unit costs, including costs of raw materials, fall.