§ Mr. Skeetasked the Secretary of State for Trade and Industry if he will indicate the current market price of naphtha compared with what it was at the beginning of 1973; and whether he will exercise his powers under Section 3 of the Fuel and Electricity (Control) Act 1973 to control the price of the chemical feedstock.
§ Sir G. HoweMost naphtha is bought on contract; and there is a wide variation on prices quoted for marginal supplies. I see no present need to control the price of chemical feedstock.