HC Deb 28 January 1974 vol 868 c12W
Mr. Shore

asked the Minister for Energy what is his latest estimate of the cost in 1974 of Great Britain's oil imports, assuming that the quantity supplied is the same as in 1973.

Mr. Patrick Jenkin

If the quantity of crude oil imported in 1974 were to be the same as in 1973 and if the present level of prices and exchange rates were to hold throughout the year, the cost of Great Britain's crude oil imports in 1974 would be over £3,000 million.