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Wednesday, 27 March 1985
Page: 1052

(Question No. 92)

Mr Hunt asked the Minister representing the Minister for Resources and Energy, upon notice, on 25 February 1985:

What additional revenue will the Government raise through the increase in fuel prices announced by the Minister on 18 February 1985.

Mr Barry Jones —The Minister for Resources and Energy has provided the following answer to the honourable member's question:

On 18 February 1985 I announced that the Import Parity Price for Bass Strait crude oil would increase from $231.43 per kilolitre to $241.90 per kilolitre, effective on and from 1 March 1985. This change will result in an increase in excise receipts from crude oil in 1984-85 of about $50m.