Advance In Landed Costs The Reason
Press Association)
(Per
WELLINGTON, August 15. The retail price oi" petrel jyilb.be increased by qpe penny per gail.on a.from tomorrpw, Saturday, announceti ,he Minister of Indus,tries and Coin meree, Mr',' Nordmeyer, tonight. The Minister said that, .due to ad/ane.es ip. - the landed c;ost .of petrol, it nad "bec.onie neeessgry ,tQ raise thc vvlrolesale and retail pric.es. Aetualiy the landed "costs had progressively mcreased- to an aggregate of 2d pei gallon since the iast price adjustmenl was made' but the Government had de:ided to reduee the wholesnle and ,-etail margins each by a half-penny per j-alion. The consumer vyould tjierefort pay pne pepny per gallon inpr.e. The reseller's margin whicb was now 31 d per gal-lon, had been rednced to ,3d. This rptail prolit margin was ineyensed from 3d to 3|d during the war wReii rationing eonsiderably reduced t belmount of petrol sold, but after a car.eful exaimnation of the present inancial posi-tion of the industry, tlic Joverninent had decided to revert to he former margin which was con udered to be a fai'r one. At main ports the new retail price wili be 2s 8id per gallon.
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Bibliographic details
Chronicle (Levin), 16 August 1947, Page 5
Word Count
193Advance In Landed Costs The Reason Chronicle (Levin), 16 August 1947, Page 5
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