PRICES OF PETROL.
AMI ol ANTITIEri AVAILABLE. n.-ii-niiv the oil distributors of New Zealand raised ;ho prices of petrol lid per g-aiion. piving as the reason continued advances in U.S.A. According to the last issue to hand ot" the Alexander Hamilton Institute s Trade Bulletin "the outlook is for continued strength in the petroleum market. "Production has continued to decline The output in January totalled 59,700 000 barrels, as compared with the 1925 high figure of 68.100,000 barrels last May The January output was slightly higher'than that ol January a year ago, but imports were considerably lower, and the total supply was not only smaller than that or last year, but it was insumeient lo meet requirements. Stocks on hand east of till- Rockies, consequently, showed a rur-ilu-r falling off. and totalled 285.300.000 barrels at the end or January, as compared wall 20.',300.000 barrels a t the end of liiM-i-liilu-r and ai-.100.000 barrels a t tho ■ml ol U.'IV, I li■.'.-.. Wli-ii Ihe decline in -'- '. oil II -|>d -• ■ ■•• t."
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Bibliographic details
Auckland Star, Volume LVII, Issue 138, 12 June 1926, Page 6
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169PRICES OF PETROL. Auckland Star, Volume LVII, Issue 138, 12 June 1926, Page 6
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