OIL RATES WAR
PRICES CUT IN CALCUTTA UNLOADING SOVIET STOCKS. CALCUTTA, Nov. 22. A kerosene rates war ’has begun in Calcutta, and as the result the price has fallen by one rupee four annas per unit for eight gallons. It is alleged that the Standard Oil Company of New York has procured large stocks confiscated by tho Soviet Government, which the company is offering for sale in both Bombay and Calcutta, and consequently the Asiatic Petroleum Company, the Burma Oil Company, and the Indo-British Oil Company have reduced their rates. Tho dealers are buying large quantities, and are said to be hoarding their stocks in the hope of disposing of the oil in the bazaars at big profits after the rate war, which is not likely to last long.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/WC19271203.2.51
Bibliographic details
Wanganui Chronicle, Volume LXXXIII, Issue 20014, 3 December 1927, Page 7
Word Count
129OIL RATES WAR Wanganui Chronicle, Volume LXXXIII, Issue 20014, 3 December 1927, Page 7
Using This Item
NZME is the copyright owner for the Wanganui Chronicle. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of NZME. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in