§ Mr. Proctor
asked the Secretary of State for Energy if he will estimate the effects of the increased price of heavy fuel oil on capital-intensive industries; and if he will make a statement.
§ Mr. Buchanan-Smith
The recent increase in the schedule price of heavy fuel oil may increase the operating costs of energy-intensive industries by up to 1 per cent. Oil product prices are a commercial matter for the suppliers. Last month's move reflected the increase in crude oil costs caused by the strength of the dollar as well as seasonal factors.