Oil dependency takes its toll, say Greens
29 Jul 2008
Yesterday's new trade deficit figures showing a massive increase in the cost of importing petrol and other oil products dramatically illustrate why the Government must reduce New Zealand’s dependence on oil, the Green Party says.
The cost of imports of petroleum and products have increased 22 percent in the last 12 months - from $5.8 billion in the year to June 2007 to $7.1 billion in the year to June 2008.
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