§ 66. Mr. Beswick
asked the Minister of Fuel and Power the profit figures of the petroleum companies which he accepted and considered when making his recent decision to permit the most recent increase in the price of petrol.
§ Mr. Geoffrey Lloyd
The profits or losses of the oil companies are not taken into account in assessing the authorised maximum selling price of motor spirit, which is built up from the current f.o.b. market price, the ocean freight, the actual costs of distribution in this country and standard allowances for depreciation and remuneration of capital.