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Mr. Biffen
asked the Minister for Energy if he will list the average posted price of oil from OPEC countries on the date when the draft stage 3 pay code was published, when the revised code was statutorily enacted and at the latest available date.
Mr. Patrick Jenkin
It is impracticable to give an average posted price but the following are the posted prices of Arabian light crude, a reference crude, on the dates requested:
| $ a barrel | |
| 8th October 1973 | 3.01 |
| 26th October 1973 | 5.18 |
| 1st January 1974 | 11.65 |