Petrol (Prices).

Oral Answers to Questions — Royal Navy. – in the House of Commons on 31st July 1922.

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Photo of Colonel Ralph Glyn Colonel Ralph Glyn , Clackmannan and Eastern

11.

asked the President of the Board of Trade, having regard to the great importance to agriculture, road transport, etc., of good petrol at reasonable prices, whether, if petrol can to-day be delivered c.i.f. the Thames at 1s. 3½d. per gallon, calculating the value of the dollar at 4.46, which would enable it to be sold to consumers at 1s. 8d. or 1s. 10d. per gallon, he will consider the possibility of encouraging the pro-vision of adequate tank storage to firms willing to operate outside the existing petrol combine to ensure competition and the early fall in the present price of 2s. 3½d. per gallon, which compares, inclusive of duty, with 1s. 7d. in July, 1914?

Photo of Mr Philip Lloyd-Greame Mr Philip Lloyd-Greame , Hendon

His Majesty's Government are fully alive to the importance of petrol being available at reasonable prices. But they could not undertake to subsidise a storage system. It may be pointed out that there is a large independent oil storage installation on the Thames.