The text on this page has been created from Hansard archive content, it may contain typographical errors.
Mr. Banks
asked the Chancellor of the Exchequer what would be the increase in the annual cost of oil imports for every five cents depreciation in the value of the £ sterling against the dollar.
Mr. Robert Sheldon
The crude oil import bill would rise in sterling terms by about £150 million per annum, if import volumes were to remain at the level of the last 12 months.