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Thursday, 18 May 1972
Page: 1782

Senator DRURY (SOUTH AUSTRALIA) - I address my question to the Minister representing the Minister for National Development. In a recent statement, the Minister for National Development said that mineral imports into Australia in 1971 had dropped by about $S0m as a direct result of self-sufficiency in petroleum products. Because of that drop, when can the hard hit and patient Australian motorist expect some of the savings to be passed on to him in the form of reduced petrol prices?

Senator COTTON - I think that a comparison of petrol and diesel fuel prices around the world with those charged in Australia will show that the Australian motorist is fairly favourably treated. In some countries petrol prices are lower, but if I remember correctly, in the greater area of the world petrol prices are substantially higher. In some countries petrol prices are even twice as high as they are in Australia. I will obtain for the honourable senator a detailed analysis of comparable petrol price structures.

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