§ Mr. Skeetasked the Secretary of State for Industry what will be the effect of the progressive increase in the prices of light distillates on the prices of petrochemicals.
§ Mr. David MitchellThe very substantial rise in the price of naphtha, an essential feedstock for the United Kingdom chemical industry, has already led to an inevitable increase in the price of petrochemicals and down-stream products. However, the increase in product prices 463W has not been proportionate to the rise in the price of naphtha.