§ Mr. Skeetasked the Secretary of State for Energy whether the Government concept of a minimum selling price for oil involves a system of import licensing similar to that recommended by the Government to the European Commission over a minimum reference price for steel.
§ Dr. J. Dickson MabonHer Majesty's Government consider that a minimum safeguard price for oil in the EEC should be maintained by means of an external levy. If this system were adopted, it would be unlikely to involve an import licensing system.