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Digitized from Box 28 of the White House Press Releases at the Gerald R. Ford Presidential Library
FOR IMMEDIAT RELEASE
JLY 1, 1976
Office of the White House Press Secretary
THE WHITE HOUSE
STATEMENT BY THE PRESIDENT
Today we are taking another important step forward in removing
unnecessary Federal regulations and controls.
Allocation and price controls on heating oil, diesel fuel and kero-
sene are being terminated. These controls have limited competition,
worked against the best interests of consumers, and hurt small business.
The proposals to remove the controls were submitted to the Congress on
June 15, 1976, and yesterday both the House and the Senate allowed the
proposals to go into effect.
The Federal Energy Administration has concluded that supplies of middle
distillate petroleum products are fully adequate to meet expected needs
and that there should be no price increase as a result of removing the
controls.
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