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min date	2018-09-10
min answer › question first answered	2018-09-24T13:47:14.86Z
answering dept sort name	Defence
uin	HL10425
max answer › date of answer	2018-10-15

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registered interest

date

exactly:

or between:
and

answering body

answering dept id

answering dept short name

answering dept sort name

hansard heading

house id

legislature


pref label

question text

tabling member printed

uin

answer

is ministerial correction

date of answer

exactly:

or between:
and

answer text

answering member printed

question first answered

answering member


label

tabling member


label

980156

registered interest

date

01/10/2018

answering body

Ministry of Defence

answering dept id

answering dept short name

Defence

answering dept sort name

Defence

hansard heading

Defence: Procurement

house id

legislature

25277

pref label	House of Lords

question text

To ask Her Majesty's Government what are the implications for the defence budget of rising oil prices.

tabling member printed

Lord Moonie

uin

HL10425

answer

is ministerial correction

date of answer

15/10/2018

answer text

<p>The Ministry of Defence (MOD) undertakes substantial purchases of fuel commodities, the price of which will be influenced by oil prices. The Department secures a degree of protection against changes in price by purchasing hedging contracts that are equivalent to buying a proportion of forecast demand at agreed prices in advance.</p><p>The MOD hedges up to three years in advance and usually trades quarterly to further spread price risk. This approach has been used for fuel hedging since 2010.</p>

answering member printed

Earl Howe

question first answered

15/10/2018 15:08:31

answering member

2000

label	Biography information for Earl Howe

tabling member

621

label	Biography information for Lord Moonie