PETROL PRICES
FALL IN RESELLER’S
PROFIT
The margin of profit to the petrol reseller has fallen from 15 per cent, in 1936 to 7.73 per cent, in 1956. according t° A- C. Rhodes, president of the Canterbury branch of the New Zealand Retail Motor Trade Association. Mr Rhodes made this statement wn en comm enting on a report which g ai oj^ petrol, at its new price of 3s 6d a gallon, showed a rise of 55.56 per cent, over the price in 1939, when it was retailed at 2s 3d a gallon. The report said this was revealed in a survey of commodities and other price trends since 1939. Mr Rhodes said that the price of I petrol had almost doubled since 1936. when it was Is 8d a gallon, while the reseller s margin of profit had almost been halved.
The petrol resellers have had only one small extra margin in the 20 years and in spite of repeated representations to the Government they have not been able to obtain what the trade considers an adequate reseller's margin,” said Mr Rhodes.
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Bibliographic details
Press, Volume XCIV, Issue 28157, 21 December 1956, Page 17
Word Count
183PETROL PRICES Press, Volume XCIV, Issue 28157, 21 December 1956, Page 17
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