PETROL PRICES DOWN
PRICE STRUCTURE COLLAPSES. WEAKNESS OF OIL SHARES. Received May 17. 7.43 p.m. LONDON, May 17. A reduction in petrol prices, as a result of overproduction in the United States, combined with the fall in the dollar, indicates that the laboriouslycontrived structure for price maintenance by the Anglo-Duteh-American-Rumanian producers has collapsed be cause America-is unable to carry out her bargain. Oil shares on the Stock Exchange are weak. REDUCTION OF 2.JD. ( Britich Official Wirwlaaa. ) Received May 17, 9.10 p.m. RUGBY, May 16. A reduction of 2£d a gallon in petrol takes place from to-morrow.
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Bibliographic details
Wanganui Chronicle, Volume 76, Issue 115, 18 May 1933, Page 7
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96PETROL PRICES DOWN Wanganui Chronicle, Volume 76, Issue 115, 18 May 1933, Page 7
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