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31.
Mr. Stokes
asked the Secretary of State for Energy what effect the fall in world oil prices will have on the price of domestic heating oil bills in the United Kingdom.
Mr. Gray
The price of oil products, including domestic heating oil, is a commercial matter for the oil companies and traders, who will take account of both costs and competition in each market. The price of crude oil is a major element in the cost of products. Product prices are therefore likely to move in sympathy with crude oil prices.