Oil—more Increases
7th June 1974, Page 22
7th June 1974
Page 22
Page 22, 7th June 1974
— Oil—more Increases
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OFFICIALS of the Ect omic Commission of OP the Organisation of Petr eum Exporting Countr disclosed on Sunday ti they intended to reco mend to the Ministers the member countries to crease taxation on crude from 55 per cent to 85 I cent when they meet la this month in Equador. Si an increase together NtV the effect of prices currer obtained for State-owr crude oil could lead to ma product rises later t year.
It is for the Ministers IN selves to make the decisi concerning such an increa Diesel could by the end the year approach ,C1 a g Ion. Similar increases wo hold for petrol and ad petroleum products.