Petrol margin increase?
PA Invercargill Service station proprietors will seek an increase in the petrol resellers? margin before the end of the year. This was decided by a meeting of the service station division of the Motor Trade Association yesterday. The present margin, 6.7 per cent, was based on.. a 54-day opening, said the chairman of the service station division, Mr I. W. McMeeking, after the meeting! Many, city stations were now opening seven days a week instead of five, he said. He believed . many would revert to week-day trading because the resellers* margin did not warrant the payout qf penal rates at week-ends. ; ■; • i ’Mr McMeekihg said it would be “suicide" for stations to accept credit cards as payment for petrol. A third of the total profit would go to the bank’s commission of 2.5 per cent. For security reasons, station proprietors would welcome credit cards, but not until banks accepted a lower commission or none at all, Mr McMeeking said.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19801009.2.38
Bibliographic details
Press, 9 October 1980, Page 4
Word Count
162Petrol margin increase? Press, 9 October 1980, Page 4
Using This Item
Stuff Ltd is the copyright owner for the Press. 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.
Copyright in all Footrot Flats cartoons is owned by Diogenes Designs Ltd. The National Library has been granted permission to digitise these cartoons and make them available online as part of this digitised version of the Press. You can search, browse, and print Footrot Flats cartoons for research and personal study only. Permission must be obtained from Diogenes Designs Ltd for any other use.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.