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Tuesday, 4 March 1980
Page: 483


Senator THOMAS (WESTERN AUSTRALIA) -Can the Minister for National Development and Energy inform the Senate of the latest available figures on the cost of a litre of petrol as a proportion of average weekly earnings? Is it a fact, as is claimed in an article in the 1 March issue of the National Times, that the cost of a litre of petrol as a proportion of average weekly earnings has declined significantly over the last 20 years?


Senator CARRICK - The cost of petrol as a proportion of average weekly earnings has declined significantly over the past 20 years. In 1960 the purchase of one litre of petrol represented approximately 0. 1 8 per cent of average weekly earnings. By December 1979, the latest month for which information is available, this figure had declined to 0.12 per cent of average weekly earnings. The percentages for the intervening years, at 5-yearly intervals, were 0.14 per cent in 1965, 0.13 per cent in 1970 and 0.10 per cent in 1975. As Senator Thomas said, there has been a decline in the proportion of average weekly earnings represented by the cost of a fixed volume of petrol.







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