INCREASED PETROL TAX

Taranaki Daily News, 17 February 1933, Page 2

INCREASED PETROL TAX

REDUCED TAX POSSIBILITY. HEAVY DECREASE IN SALES. By Telegraph.—Press Association. Auckland, Feb. 16. A statement that since Monday petrol sales at service stations had dropped 50 per cent, in the case of private cars and 25 per cent, in the case of commercial cars was made at a meeting of the Automobile Association. It was also stated that four million gallons of power kerosene were entering the country and paying no tax. The chairman said that he was informed that there was a possibility of a reduction in the tax being conceded. It was a question whether they should trust to that chance or fight for the removal of the whole sd. In discussion the opinion was expressed that if the 20 per cent drop in consumption estimated by the Minister of Finance took place there would be a corresponding decrease in Customs revenue on motor vehicles, oils, tyres, etc., and the upshot would be that revenue would be increased very little. It was decided to ask petrol dealers to post up the actual price of petrol and the tax on it