New Move in Oil Fuel Tax Problem
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INCREASING demand for oil fuel, which involved an unbalanced production pattern for refiners, might be remedied by reducing the tax on petrol while maintaining the duty on oil fuel. This would diminish the economic advantages of oil-engine conversions.
This is suggested in a new quarterly publication, Motor Business, prepared by the Economist Intelligence Unit, 22 Ryder Street, St. James's, London, S.W.1, and is similar adViee to that of the Petroleum Press Service reported in The Commercial Motor last week. As stated in the November 26 issue, how
ever, the Ministry of Fuel and Power denies having been asked to discourage the use of oil fuel.
Motor Business quotes "'The Commercial Motor' Tables of Operating Costs" to show that an oiler costs 1215 per cent. less to run than a petrol vehicle. In certain overseas territories, it is stated, although oilers would be cheaper than petrel models to operate, supplies of oil fuel are inadequate.