30 SEPTEMBER 1922, Page 3

The papers of Tuesday announced a reduction of the price

of petrol by 5d. per gallon to the dealer and 5P. per gallon to the consumer. In future motorists will be able to buy No. 1 grade petrol at 2s. per gallon. The price of petroleum lamp oil has also been reduced by 2d. per gallon. The reduction in the price of petrol is explained by the fall in American prices and freights. Sir R. W. Cohen, a director of the Shell Company, explained to the Times that the petrol companies did not like "dribbling down the price" because that did not suit the retailer who had his stocks. "We wait until there is a real change in the market and then try to meet it to the full."