asked the Minister for Energy if he will give details for each year since 1980 of the average free on board price at which the INPC bought crude oil; and of the average spot price for comparable crude oil for the same years.
Written Answers. - Oil Prices.
81.
Since its establishment, the INPC has been required to conduct its operations on a commercial basis. Therefore, it is not appropriate to disclose in respect of the INPC any information which a commercial entity would rightly regard as confidential.
The average quarterly spot price of crude has been as follows:
Average Monthly Spot Crude Prices
($ per barrel)
|
Arab Light |
|
|
1st Quarter, 1980 |
36.83 |
|
2nd Quarter, 1980 |
35.67 |
|
3rd Quarter, 1980 |
32.50 |
|
4th Quarter, 1980 |
38.67 |
|
1st Quarter, 1981 |
37.42 |
|
2nd Quarter, 1981 |
33.92 |
|
3rd Quarter, 1981 |
32.12 |
|
4th Quarter, 1981 |
33.58 |
|
Brent |
|
|
1st Quarter, 1982 |
32.63 |
|
2nd Quarter, 1982 |
33.93 |
|
3rd Quarter, 1982 |
33.27 |
|
4th Quarter, 1982 |
33.02 |
|
1st Quarter, 1983 |
29.23 |
|
2nd Quarter, 1983 |
29.75 |
|
3rd Quarter, 1983 |
30.72 |
|
4th Quarter, 1983 |
29.17 |
|
1st Quarter, 1984 |
29.74 |
|
2nd Quarter, 1984 |
29.64 |
|
3rd Quarter, 1984 |
28.10 |
|
4th Quarter, 1984 |
27.57 |
|
1st Quarter, 1985 |
27.72 |
|
2nd Quarter, 1985 |
27.07 |
|
3rd Quarter, 1985 |
27.36 |
|
4th Quarter, 1985 |
28.50 |
|
1st Quarter, 1986 |
18.18 |
|
2nd Quarter, 1986 |
12.98 |
|
3rd Quarter, 1986 |
12.48 |
|
4th Quarter, 1986 |
14.55 |
|
1st Quarter, 1987 |
17.85 |
|
2nd Quarter, 1987 |
18.53 |
|
3rd Quarter, 1987 |
19.03 |
|
4th Quarter, 1987 |
17.86 |
82.
asked the Minister for Energy if he will give the following details for each year since 1980 in respect of petrol and of diesel oil: (1) the average spot price (2) the average import price into Ireland and (3) the average price at which INPC sold products.
The information requested by the Deputy is as follows:
Average Spot Prices
CIF (NWE) (ARA Basis) ($ per tonne)
|
Premium Motor Spirit |
Regular Motor Spirit |
Gasoil |
|
|
1st Quarter, 1980 |
385.26 |
373.55 |
318.89 |
|
2nd Quarter, 1980 |
368.13 |
358.13 |
317.22 |
|
3rd Quarter, 1980 |
334.52 |
324.61 |
285.30 |
|
4th Quarter, 1980 |
373.45 |
358.26 |
309.52 |
|
1st Quarter, 1981 |
364.28 |
345.42 |
308.53 |
|
2nd Quarter, 1981 |
369.28 |
336.42 |
279.01 |
|
3rd Quarter, 1981 |
380.96 |
363.34 |
291.26 |
|
4th Quarter, 1981 |
365.82 |
348.82 |
319.67 |
|
1st Quarter, 1982 |
312.36 |
295.07 |
285.98 |
|
2nd Quarter, 1982 |
347.93 |
329.55 |
287.47 |
|
3rd Quarter, 1982 |
343.57 |
325.54 |
288.97 |
|
4th Quarter, 1982 |
318.19 |
302.57 |
332.21 |
|
1st Quarter, 1983 |
279.14 |
263.92 |
249.64 |
|
2nd Quarter, 1983 |
305.82 |
290.44 |
244.86 |
|
3rd Quarter, 1983 |
304.37 |
290.75 |
250.86 |
|
4th Quarter, 1983 |
285.00 |
268.32 |
249.46 |
|
1st Quarter, 1984 |
274.18 |
259.28 |
253.56 |
|
2nd Quarter, 1984 |
276.13 |
267.48 |
242.67 |
|
3rd Quarter, 1984 |
263.93 |
255.33 |
230.40 |
|
4th Quarter, 1984 |
251.25 |
243.40 |
230.54 |
|
1st Quarter, 1985 |
242.62 |
229.01 |
240.98 |
|
2nd Quarter, 1985 |
284.41 |
266.56 |
222.35 |
|
3rd Quarter, 1985 |
274.70 |
258.63 |
237.36 |
|
4th Quarter, 1985 |
272.92 |
253.54 |
262.17 |
|
1st Quarter, 1986 |
188.27 |
170.27 |
191.75 |
|
2nd Quarter, 1986 |
175.08 |
149.68 |
136.76 |
|
3rd Quarter, 1986 |
164.49 |
128.70 |
112.80 |
|
4th Quarter, 1986 |
152.30 |
131.49 |
125.20 |
|
1st Quarter, 1987 |
180.29 |
160.11 |
153.37 |
|
2nd Quarter, 1987 |
199.33 |
181.22 |
151.97 |
|
3rd Quarter, 1987 |
187.77 |
172.92 |
161.40 |
|
4th Quarter, 1987 |
179.62 |
157.16 |
163.36 |
Average Import Prices
As reported by the Central Statistics Office
(IR£ per tonne)
|
Motor Spirit |
Gas Oil |
|
|
1st Quarter, 1980 |
167.42 |
141.65 |
|
2nd Quarter, 1980 |
182.73 |
149.55 |
|
3rd Quarter, 1980 |
177.57 |
152.10 |
|
4th Quarter, 1980 |
174.60 |
153.68 |
|
1st Quarter, 1981 |
197.26 |
166.47 |
|
2nd Quarter, 1981 |
217.74 |
182.95 |
|
3rd Quarter, 1981 |
246.50 |
198.47 |
|
4th Quarter, 1981 |
252.02 |
205.67 |
|
1st Quarter, 1982 |
244.07 |
212.24 |
|
2nd Quarter, 1982 |
240.20 |
205.31 |
|
3rd Quarter, 1982 |
259.56 |
213.23 |
|
4th Quarter, 1982 |
264.44 |
230.60 |
|
1st Quarter, 1983 |
242.72 |
219.80 |
|
2nd Quarter, 1983 |
240.19 |
208.68 |
|
3rd Quarter, 1983 |
258.87 |
219.13 |
|
4th Quarter, 1983 |
268.60 |
229.62 |
|
1st Quarter, 1984 |
260.04 |
237.30 |
|
2nd Quarter, 1984 |
252.74 |
230.81 |
|
3rd Quarter, 1984 |
265.33 |
236.69 |
|
4th Quarter, 1984 |
271.35 |
243.60 |
|
1st Quarter, 1985 |
258.95 |
252.80 |
|
2nd Quarter, 1985 |
283.68 |
248.68 |
|
3rd Quarter, 1985 |
275.76 |
228.97 |
|
4th Quarter, 1985 |
251.18 |
239.92 |
|
1st Quarter, 1986 |
190.39 |
187.92 |
|
2nd Quarter, 1986 |
139.89 |
130.40 |
|
3rd Quarter, 1986 |
134.20 |
96.56 |
|
4th Quarter, 1986 |
129.15 |
101.92 |
|
1st Quarter, 1987 |
126.54 |
114.90 |
|
2nd Quarter, 1987 |
139.39 |
112.48 |
|
3rd Quarter, 1987 |
141.31 |
119.67 |
INPC Selling Prices
|
Premium Motor Spirit |
Regular Motor Spirit |
Gas Oil |
||||
|
Price per tonne |
$ |
IR£ |
$ |
IR£ |
$ |
IR£ |
|
6 September— |
||||||
|
31 September, 1982 |
405 |
289.28 |
395 |
282.14 |
325 |
232.14 |
|
1st Quarter, 1983 |
405 |
309.31 |
395 |
301.71 |
325 |
247.51 |
|
2nd Quarter, 1983 |
344 |
266.53 |
334 |
258.77 |
298 |
230.88 |
|
3rd Quarter, 1983 |
324 |
266.03 |
315 |
258.66 |
281 |
230.42 |
|
4th Quarter, 1983 |
322 |
281.94 |
313 |
273.29 |
271 |
237.36 |
|
1st Quarter, 1984 |
305 |
276.50 |
296 |
268.36 |
266 |
240.87 |
|
2nd Quarter, 1984 |
305 |
262.65 |
296 |
254.91 |
266 |
229.07 |
|
3rd Quarter, 1984 |
310 |
293.84 |
301 |
285.32 |
271 |
256.82 |
|
4th Quarter, 1984 |
310 |
312.58 |
301 |
303.57 |
271 |
272.86 |
|
1st Quarter, 1985 |
293 |
300.26 |
284 |
291.15 |
262 |
268.46 |
|
2nd Quarter, 1985 |
277 |
295.23 |
267 |
284.63 |
256 |
272.17 |
|
3rd Quarter, 1985 |
287 |
278.14 |
277 |
268.36 |
256 |
248.14 |
|
4th Quarter, 1985 |
284 |
234.97 |
274 |
225.61 |
262 |
217.82 |
|
1st Quarter, 1986 |
296 |
229.05 |
286 |
221.38 |
286 |
221.71 |
|
2nd Quarter, 1986 |
196 |
145.53 |
186 |
137.94 |
196 |
145.68 |
|
3rd Quarter, 1986 |
184 |
129.44 |
174 |
122.34 |
150 |
104.45 |
|
4th Quarter, 1986 |
184 |
136.80 |
174 |
129.37 |
150 |
111.52 |
|
1st Quarter, 1987 |
191 |
136.85 |
181 |
129.67 |
152 |
108.80 |
|
2nd Quarter, 1987 |
206 |
135.95 |
196 |
129.22 |
166 |
109.87 |
|
3rd Quarter, 1987 |
216 |
146.65 |
206 |
139.84 |
176 |
119.50 |
|
4th Quarter, 1987 |
216 |
148.75 |
206 |
141.79 |
176 |
118.64 |
|
1st Quarter, 1988 |
210 |
117.34 |
200 |
111.20 |
190 |
106.52 |
Note:Price in IR£ has been converted from the U.S. dollar price at the exchange rate fixed for each quarter and also takes account of currency differentials.