Page 27 Advertisements Column 2

Evening Post, Volume CX, Issue 130, 29 November 1930, Page 27

PETROL PRICES. WELLINGTON MOTORISTS SATE £50,000 A YEAK. Though it"is d 'far call from VVnll street, where investors stand and fall on the fluctuations of oil stock brought afrout by battles for markets, Wellington people can take-a passing interest in price war 3 nearer home. There is a petrol price war on in Wellington at the present moment, which has been chiefly brought about by. the entry into the retail field by the British International Oil Company, an independent Now Zealand concern. With the opening of a new petrol and service station oil up-to-date lines in Lower Tory -street; by the British International people, the fourth move in the petrol price war in Wellington has been played; Developments will bo watched with interest. The British International Oil; Company opened a new Service: Station on the Hutt road last July, and made an entry into the retail business. Tho increase iv tariff was brought about in August, when tliOvduty was raised from 4d to Gd a gallon';1; "The.major oil companies carried one-penny of this duty, and the .Britislylnteijiational Oil Company did likewise. '. / . . ■ In "November, the. associated- service statics'-in '--Wellington reduec,cV .their prices by-.fruo penny, making ;the'_ retail prices-tire/same as those which" ruled before fcke increase' in tariff. This .was followed by tho independent Now Zealand Company establishing a new Service Station in Lower Tory street, where.petrol, is being sold at even a lower'price. . ■ ~• . Wliilo it would appear as- though the local ebmijauyiJwboso;;- resources '• ara comparatively' small" when compared with those of tli'e big foreign vested interests controlling the petrol business in Now Zealand, is up against a.tough proposition, ,tho- ." competition has brought" about a- reduction in petrol prices by 2d a, galtbh", •tyh.ich'atrionuts to an approximate saying to the motorists on the; Wellington,'register /of -£pO.OOO a ycar;^-Advt:.- ';.''.';;:;:■"..'■'■■ "'•".'. '■'