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Thursday, 9 December 1971
Page: 4630

Mr Whitlam asked the Treasurer, upon notice:

(1)   What has been the expenditure on petrol prices stabilisation in each year since it was introduced.

(2)   What amount and percentage of the. increase in each expenditure in each year have been due to:

(a)   the increase in consumption and

(b)   the increase in price of petrol.

(3)   Is it possible to dissect the expenditure for each State and Territory.

(4)   To whom and by what means have petrol suppliers been required, to justify the increases in price.

Mr Snedden - The answer to the honourable member's question isas follows:

(1)   and (3) A subsidy scheme which commenced in 1965-66 has the aim of reducing the wholesale prices of certain petroleum products in country areas to within 3.3 cents per gallon of capital city prices. Payments to the States for this purpose and corresponding expenditure in the Northern Territory have been as follows:


(2)   Equal increases in capital city and country wholesale prices of the products involved have no effect on expenditure under the scheme, which has increased almost entirely because of increases in consumption. However with effect from 1st December 1969 subsidy rates were revised to take


account of changes in costs of delivering petroleum products to country areas.

(4)   Rates of subsidy are' approved by the Minister for Customs and Excise, whose Department maintains a continuing scrutiny of distribution costs.

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