§ Mr. David Watkins
asked the Secretary of State for Energy what oil stocks are maintained and by whom in the United Kingdom, measured by consumption in the previous calendar year.
§ Mr. Gray
Obligatory stocks, measured by consumption in the previous calendar year, are held under directions issued by myself to companies whose annual deliveries of petroleum products into the United Kingdom market exceed 100,000 tones. These companies are required to maintain stocks equivalent, in the case of refiners, to 76½ days of the previous year's deliveries, and in the case of non-refiners 66 days.