Early Christmas gift for motorists

NICOLE PRYOR
Last updated 14:23 11/12/2012

Relevant offers

National News

Emotional farewell for Wellington homicide victim Bruce Coker Kiwi back in court over Buddha insult Pets stage great escape from cattery Brendon McCullum fireworks put NZ on top after day one vs Sri Lanka Family tributes to drowned girl Head-on crash proves fatal Surfer dies after trouble in waves near Auckland Brendon McCullum becomes first Kiwi to score 1000 test runs in a calendar year The 14 biggest hair and make-up moments of 2014 Thunder's Steven Adams proves to be double trouble for Spurs

Petrol prices dropped four cents today, boding well for the holiday road trip.

First off the mark was BP, shaving the price to $2.08 for 91 Unleaded and $2.16 for 95 Unleaded.

Competitors Z Energy and Caltex then matched the price.

A spokesperson for BP, Jonty Mills, said lower international prices signalled it was time to pass savings on to the customer at the pump.

"Since the end of November, we've seen a steady decrease in international product prices," he said.

"Internationally, weaker economic growth may further reduce fuel demand and boost inventories."

Gull's prices were already below the other petrol companies, Gull NZ general manager Dave Bodger said.

"Gull's prices are below big oil's, and have been for weeks. It really is a bit naughty to trumpet a price drop when you're not leading the market."

Gull's price for 91 octane petrol ranged from $2.00 to $2.07 per litre. 

Mark Stockdale, spokesperson for AA's PetrolWatch, said it was the first price change in three weeks.

"Things are looking up for the Kiwi Christmas road trip," he said.

"This time last year we were paying $2.07 per litre - so prices have little changed in the last 12 months whereas they usually increase year on year."

He said since November 21, when prices spiked 4 cents, petrol prices have fallen 3 per cent.

Ad Feedback

- Stuff

Special offers

Featured Promotions

Sponsored Content