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Petrol price promise



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N atio n al Ratty o f Australia FEDERAL SECRETARIAT

TOM McVEIGH - SHADOW MINISTER FOR PRIMARY INDUSTRY

NEWS RELEASE 20 MARCH 1983 IMMEDIATE USE

PETROL PRICE PROMISE

Shadow Minister for Primary Industry Tom McVeigh today expressed the hope that the Labor Government would fulfil its election promise to reduce petrol prices by 3 cents a litre.

Mr McVeigh explained the Labor Leader's policy speech included an unequivocal promise to cancel "the January 1 oil price increase of $3.23 per barrel. This will have the effect of reducing the price of petrol by the order of 3c a litre."

Mr McVeigh said the promise was even made before news of OPEC's drop in prices and the Labor Government should fulfil its promise to the Australian people.

"All Labor has done is offer a token settlement of a reduction in prices by a little over one cent a litre."

Mr McVeigh said this would affect rural industries which had a heavy reliance on fuel for work vehicles and machinery.

"It is unrealistic for the Labor Government to hide behind the future deficit made up of initial allocations sought by Departments."

Mr McVeigh concluded "to put it simply , the Labor Party must not be allowed to hoodwink Australians by the small reduction in fuel prices which does not equal ifs election promises."

ENDS.

For further information Tom McVeigh 076-308211 John Wilson 062-733822, 588060(h)

John McEwen House, National Circuit, G.P.O. Box E265, Canberra, A.C.T. 2600

Telephone: 73 3822 (5 lines) Telex: AA62543 Telegrams: NATIONALCP