§ Mr. Emery
Following is the information:
- Average value of imported crude petroleum per ton c.i.f.
- October 1972 £8.99—January-October 1972 £8.81.
- October 1969 £6.80—January-October 1969 £7.15.
It must be realised that these average c.i.f. values are influenced by the sources of supply, by transport costs and other factors.
The future price of imported crude oil will depend on very many factors and I will not speculate on what the figure might be three years from now.