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Shell's promise 01 stability

24th August 1979, Page 6
24th August 1979
Page 6
Page 6, 24th August 1979 — Shell's promise 01 stability
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SHELL UK promised thi! week to peg its oil prices — and that includes diesel fuel — until the end of the year.

This promise is on the con dition that events in Iran cic not take a turn for the worse The reason for the six-montl respite is a good financia result for Shell UK in the firs half of this year, helped b3 good North Sea oil production In the oil industry coin panies very often follow om another in such pronounce ments, but this week othei major oil companies said the) did not foresee any price rise: during the rest of the year, bui could not guarantee this.