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Tuesday, 7 May 1968

Mr CONNOR (CUNNINGHAM, NEW SOUTH WALES) - I address my question to the Minister for National Development. To what extent will the continuance of the Government's present pricing policy on Australian-produced crude oil increase petrol prices to Australian motorists? Will the increases scale upwards from 4c a gallon according to the proportion of total requirements represented by Australian production? Has heavy pressure been applied to the Government by producers to extend the consumer-paid subsidy beyond its statutory expiry in 1971? When can the Australian motorist expect any benefit by reduced prices resulting from discovery of a world-ranking Australian oil field?

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