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631270

	registered interest
	date	07/11/2016
	answering body	Department for Business, Energy and Industrial Strategy
	answering dept id	201
	answering dept short name	Business, Energy and Industrial Strategy
	answering dept sort name	Business, Energy and Industrial Strategy
	hansard heading	Paraffin: Prices
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, what assessment his Department has made of reasons for the disparity between the trade price of kerosene and that offered to individual consumers; what role his Department plays in regulating and monitoring this disparity; and if he will make a statement.
	tabling member constituency	Dumfries and Galloway
	tabling member printed	Richard Arkless
	uin	51995
	answer	answer is ministerial correction date of answer 17/11/2016 answer text <p>There is an open market for the supply of petroleum products, including jet kerosene and heating oil, in the UK which provides the best long term guarantee of competitive prices. The Government does not control prices but we do monitor the UK national average cost of jet kerosene and heating oil.</p><p> </p><p>The average cost for wholesale kerosene in September 2016 was 26 pence per litre, 1p more expensive than the corresponding month in 2015, and down 22p since its 2014 peak (Jan 2014).</p><p> </p><p>The average cost for retail kerosene in September 2016 was 37 pence per litre, 1p more expensive than the corresponding month in 2015, and down 22p since its 2014 peak (Jan 2014).</p><p> </p><p>The value of the pound sterling has been decreasing against the dollar which means crude oil, which is traded in dollars, becomes more expensive for UK refiners to import. Analysis suggests that on average, at a national level, crude price changes are fully passed through into kerosene prices within a month.</p><p><br> In addition, the price of kerosene is influenced by a range of factors, including refinery capacity, stock levels, distribution costs, retail margins and seasonal factors The supply of kerosene in more remote areas is influenced by increased logistical costs.</p><p> </p><p>I encourage households that use kerosene to heat their homes to join an oil buying group and to shop around for the best deal.</p><p> </p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 17/11/2016 16:20:09 answering member 3991 label Biography information for Jesse Norman previous answer version 20392 answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman answering member 3991 label Biography information for Jesse Norman
	tabling member	4387 label Biography information for Richard Arkless

631277

	registered interest
	date	07/11/2016
	answering body	Department for Business, Energy and Industrial Strategy
	answering dept id	201
	answering dept short name	Business, Energy and Industrial Strategy
	answering dept sort name	Business, Energy and Industrial Strategy
	hansard heading	British Coal Staff Superannuation Scheme
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, whether the Government has made direct payments to the British Coal Staff Superannuation Scheme under the guarantee arrangements.
	tabling member constituency	Ashfield
	tabling member printed	Gloria De Piero
	uin	51977
	answer	answer is ministerial correction date of answer 17/11/2016 answer text <p>No payments have been made into the scheme by the Government.</p><p> </p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 17/11/2016 16:17:03 answering member 3991 label Biography information for Jesse Norman previous answer version 20393 answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman answering member 3991 label Biography information for Jesse Norman
	tabling member	3915 label Biography information for Gloria De Piero

631278

	registered interest
	date	07/11/2016
	answering body	Department for Business, Energy and Industrial Strategy
	answering dept id	201
	answering dept short name	Business, Energy and Industrial Strategy
	answering dept sort name	Business, Energy and Industrial Strategy
	hansard heading	British Coal Staff Superannuation Scheme
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, how much the Government has received from the British Coal Staff Superannuation Scheme since 1994.
	tabling member constituency	Ashfield
	tabling member printed	Gloria De Piero
	uin	51978
	answer	answer is ministerial correction date of answer 17/11/2016 answer text <p><strong> </strong></p><p>In its role as Guarantor, the Government has received £3,119m from the British Coal Staff Superannuation Scheme since 1994 representing part of its share of assessed surpluses. Prior to 2009, the surplus-sharing arrangements worked well, with the presence of the Guarantee enabling the Trustees to invest in a way that generated surpluses and, as a consequence, bonuses to members. However, after shortfalls in 2009 and 2012 valuations, new arrangements were agreed in 2015 to end surplus-sharing and replace it by a series of fixed benefit uplifts for members in order to ensure the long term viability of the scheme.</p><p><strong> </strong></p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 17/11/2016 16:18:42 answering member 3991 label Biography information for Jesse Norman previous answer version 20396 answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman answering member 3991 label Biography information for Jesse Norman
	tabling member	3915 label Biography information for Gloria De Piero