OIL FROM COAL
BRINGING PRICES LEVEL LONDON.. Nqv. 23. It is understood that the Government’s investigations have revealed that the production of oil from coal is not yet a. practical proposition, but it is possible that it will' be commercially introduced next year. Owing to the fall in petrol prices the cost of producing oil from coal is Within threepence a gallon of the price ofpetrol, as against sevenpenee a few. months back. The Government, although highly pleased with the progress made, desires a closer approach to the petrol price before the industry is commenced. Then it will be independent and will require nothing approaching the £7,000,000 subsidy recently estimated.
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Bibliographic details
Poverty Bay Herald, Volume LIX, Issue 17951, 1 December 1932, Page 11
Word Count
110OIL FROM COAL Poverty Bay Herald, Volume LIX, Issue 17951, 1 December 1932, Page 11
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