Some restrictions on fuel predicted

Press, Volume CXIII, Issue 33383, 15 November 1973, Page 14

Some restrictions on fuel predicted

(.Veu> Zealand Press Association) WELLINGTON, November 14. New Zealand was unlikely completely to escape some forms of fuel restrictions because of the world oil shortage, said oil industry sources in Wellington today.

But the sources said i 1 was difficult at this stage to predict exactly how fuel restrictions would be imposed in New Zealand. Several overseas countries have introduced measures and restrictions to counter the Arab oil cuts, and the Cabinet Economic Committee is keeping a daily watch on the supply position in New Zealand. Arbitrary oil cuts have been made across the boarc overseas, and, although some countries have not been em-

'bargoed, most have not esi caped cuts. . A spokesman for the oil industry in New Zealand said the way world crude oil prices were shaping, petrol I in this country could be expected eventually to rise iabout 6c a gallon. ■ Other oil products were [also expected to rise in price. | In the longer term, depending on the cost of crude i oil, everyone should be wary about believing that prices (would stabilise after the probable 6c-a-gallon rise, the (spokesman said. “The Arab countries are

[the only ones making the rules at the moment.’’ he said. The position was worrying “because you wonder where the cycle will end.”