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Oil Costs

Volume 978: debated on Thursday 14 February 1980

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asked the Secretary of State for Energy whether he will circulate a table in the Official Report showing (a) the average increase since 1972 in the £ sterling cost per ton in cash terms of crude oil used in United Kingdom refineries, (b) the corresponding figures for the wholesale price of the principal petroleum products including naphtha net of all taxes and (c) details of (a) and (b) for France and the Federal Republic of Germany.

Table 1 below shows

  • (i) the increase in the average cost per ton in Sterling of crude oil acquired for United Kingdom refineries between the year 1972 and Q3 1979, and also between the year 1973 and Q3 1979, with the corresponding increases in the average cost per ton in sterling of imported crude oil for France and the Federal Republic of Germany;
  • (ii) the increase in the £ sterling per ton of the United Kingdom manufacturers average Net Selling Value, ex-
  • TABLE 1
    (i) CRUDE OIL
    Average cost £/ton
    Percentage increase
    19721973Third quarter 1979From 1972 to third quarter 1979From 1973 to third quarter 1979
    United Kingdom refinery acquisitions8·8911·6073·70729535
    Federal Republic of Germany imports cif9·0812·8976·20739491
    France imports cif9·0410·8066·97641520
    (ii) Petroleum Products in the United Kingdom
    Manufacturers average net selling value £/tonPercentage increase from 1973 to third quarter1979
    1973Third quarter 1979
    Motor spirit25·0134·7439
    Aviation kerosene17·4107·6518
    Burning oil16·9127·5654
    Gas/Diesel oil18·0114·9538
    Fuel oil9·458·0517
    Table 2
    Overall ex-refinery netbacks
    First quarter 1977Third quarter 1979
    United Kingdom100146
    Federal Republic of Germany100150
    N.B. Indices in National currencies converted to Sterling equivalent.