Less oil but bill higher
PA Wellington New Zealand’s oil bill for the 1983-84 year was $ll million up on the previous year even though less oil was imported, according to the annual report of the Ministry of Energy, tabled in Parliament yesterday.
“As a result of the depreciation of the United States dollar against the. New Zealand dollar, our oil import bill rose $ll million from last year, in spite of the fact that we imported 380,000 tonnes less oil and oil products than last year,” said the Minister of Energy, Mr Tizard, in the report. This was in spite of the 15 per cent reduction in the O.P.E.C. prices in FebruaryMarch, 1983, he said. Last year New Zealand’s oil supplies continued to come from two main sources — Indonesia, supplying 57 per cent, and Saudi Arabia, 32 per cent. Iran, Kuwait, and for the first time, Australia, supplied smaller quantities. The report said that 55,200 vehicles had been converted to C.N.G. as at March 31, 1984, while the L.P.G. conversion figure was 8000 vehicles.
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Press, 7 November 1984, Page 1
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175Less oil but bill higher Press, 7 November 1984, Page 1
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