§ 31. Mr. Stokesasked the Secretary of State for Energy what effect the fall in world oil prices will have on the price of domestic heating oil bills in the United Kingdom.
§ Mr. GrayThe price of oil products, including domestic heating oil, is a commercial matter for the oil companies and traders, who will take account of both costs and competition in each market. The price of crude oil is a major element in the cost of products. Product prices are therefore likely to move in sympathy with crude oil prices.