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Mr. Warren
asked the Secretary of State for Energy what is the average foreign exchange content by value in a gallon of motor vehicle petrol compared with some time before 1973 for which information is available.
Dr. J. Dickson Mabon
Most of the motor spirit consumed in the United Kingdom is one of many products derived from crude oil refined in this country and it is not meaningful to calculate the foreign exchange cost separately for each refined product. Some motor spirit is imported directly. In 1972 the average cif unit value was 5·3 pence a gallon. In October 1976 this had risen to 30·7 pence a gallon.