Petrol prices head down

HAMISH MCNICOL
Last updated 12:20 18/08/2014

Relevant offers

Industries

Wellington's Amora Hotel says it is closing for up to 12 months Budget will bump up NZ's infrastructure spending, finance minister signals NZ Mint seals $60m export deal to China Pattrick Smellie: Cards stacked against power price regime Chart of the day: Life and death of Taranaki mining businesses Shoplifting caused by organised crime groups costs $1.2 billion Tourist arrival numbers could be subsiding Zero Commission offer prompts advice from Spark NZ's net migration gain still at record highs near 72,000 as arrivals continue to climb Inland Revenue opens up remainder of 0800 lines to mobiles

A strong New Zealand dollar and declining barrel prices led to a drop in the price of petrol today.

Both BP and Z Energy this morning decreased petrol by 2 cents a litre, the first change in a fortnight.

But while Z had no change to diesel prices, BP dropped diesel by 2c a litre.

A litre of 91-octane is now priced at 217.9 cents.

Diesel remains at 149.9c at Z, though has dropped to 147.9c at BP.

Z said declining barrel prices and continued strength in the New Zealand dollar had allowed for the decrease at the pump.

This followed a drop of 2c a litre two weeks ago, as commodity prices for petrol fell.

AA PetrolWatch spokesman Mark Stockdale said at the time of the last change there was room for a 4c drop, having earlier called for prices to be cut.

But diesel margins had fallen and so change was expected, he said. 

This story has been updated to correct the diesel prices.

Ad Feedback

- Stuff

Special offers

Featured Promotions

Sponsored Content