Petrol price rise sought
PA Wellington Petrol retailers hit by increased expenses from credit card transactions and the general wage order, seek a petrol price rise of about 1c a litre. The Motor Trade Association, representing service station owners, has applied to the Government for the rise which it says will restore seriously eroded profit margins.
The profitablity of petrol stations is being eaten away by the need of owners to accept increasing numbers of credit card users, according to the Motor Trade
Association’s executive director, Mr Max Barclay. An average charge of 2.5 per cent on the value of each transaction was being made by credit card companies and banks, which Mr Barclay said meant about 25c paid by service station owners for each $lO worth of petrol sold. The owners were being forced to accept more credit cards or lose business. The cards were used in 2.8 per cent of all M.T.A. sales in 1982, but that figure had now risen to 5.5 per cent and was increasing, he said.
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Press, 4 May 1984, Page 4
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172Petrol price rise sought Press, 4 May 1984, Page 4
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