PRICES OF PETROL

New Zealand Herald, Volume LXXV, Issue 22972, 25 February 1938, Page 10

PRICES OF PETROL

OI'AGO AND SOUTHLAND PROFIT OF 3D A GALLON. ISSUE OF REGULATIONS * [BY TELEGRAPH —PRESS ASSOCIATION"] WELLINGTON, Thursday "In continuance of the Govern*, ment's policy of introducing regulations fixing the price of motor spirit," said the Minister of Industries and Commerce, the Hon. D. G. Sullivan, in an interview to-night, "regulations fixing the wholesale and retail price of motor, spirit in the Otago and Southland'districts have now been passed. "The regulations have been so designed that in those areas where & farthing operates the reseller will be permitted to so adjust the selliug\pricß as to avoid the inconvenience to motorists of having to deal in farthings* Such adjustment, of course, will not be permitted where the total price to be paid works out to an even half-, penny. In other respects the regulations now introduced are similar to, those operating in most other areas, "My experience with the introduction of regulations in other areas," said tho Minister, "has convinced me that regulations of the type now introduced in the Otago and Southland districts are of material benefit to all sections of the motoring trade, and at the same time I have been able in those areas to preserve for resellers a margin of profit of 3d a gallon, as is general throughout the Dominion."