PETROL PROFITS.
REQUEST FOR INQUIRY. Dunedin, August 28. At a meeting of Otago Motor Club to-night the president (Mr. A. E. Ansell) quoted figures to show that petrol companies in New Zealand were making an unreasonable profit. The speaker said with the exception of Spain and Italy, petrol was dearer here than in any other country in the world. On outlining arguments raised by petrol companies to show that their prices were not exorbitant, he said the chief one was the high cost of distribution to a scattered population. He still thought that the companies had a case to answer. Mr. H. H. Henderson stated that the profit of companies totalled more than the whole of the taxes on motorists in New Zealand. After discussion the following resolution was carried unanimously:— “That the Government be requested to institute a Board of Trade inquiry in order to determine whether or not petroi companies operating on the New Zealand market are obtaining more than a fair and reasonable rate of commercial profit.”
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Manawatu Herald, Volume XLIX, Issue 3838, 30 August 1928, Page 2
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170PETROL PROFITS. Manawatu Herald, Volume XLIX, Issue 3838, 30 August 1928, Page 2
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