RISING TREND.
RECENT SHARP ADVANCES. TAXATION AXD HIGHER COSTS. Petrol has now advanced Od in price on* both grade? in less than six months, I and of the present total, taxation absorbs 1/2] a gallon. The fir:-t sharp rise was in August, when 4rl brought the retail prices to 2/4 and 2/.> a gallon. J The Government, iit announcing the increase, stated that the expected additional revenue of £1,000,1)00 would be devoted wholly (o defence expenditure. Three months later, on October 23, representatives of oil companies announced an increase of Id a gallon, making the retail rates 2/fi and 2/4 a gallon. On December 21. prices rose another M. higher f.o.b. costs, freight and war ri-4: insurance being given as the reason.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/AS19400127.2.52
Bibliographic details
Auckland Star, Volume LXXI, Issue 23, 27 January 1940, Page 8
Word Count
122RISING TREND. Auckland Star, Volume LXXI, Issue 23, 27 January 1940, Page 8
Using This Item
Stuff Ltd is the copyright owner for the Auckland Star. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Auckland Libraries.
Log in