Petrol price cut by 3c a litre

JAMES WEIR
Last updated 11:18 24/09/2012

Relevant offers

Industries

A broker's view: Contact Energy English upbeat despite 'average' proceeds Liquidator 'breached fundamental principles' Labour backs 'subbies' NZ 'falling behind on R&D' New Bank of New Zealand CE bullish over growth New Zealand stocks trading at 'fair value' Bank dampens talk of 6pc growth Genesis shares list at a premium New plans for Hotel Grand Chancellor site

Petrol is down 3 cents a litre, while diesel has been cut by 2c a litre, by market leaders BP and Z (formerly Shell).

BP said it was the company's second cut, following a drop last week as refined petrol product has fallen in the last week while the New Zealand dollar remained strong.

Petrol is now down to $2.14.9 cents a litre for 91 unleaded at most BP stations, with diesel at $1.55.9c a litre. Shell also cut petrol 3c and diesel by 2c today.

BP managing director Matt Elliott said: "The market remains largely unpredictable, as demonstrated by the fluctuations we've experienced this year, but we're committed to passing on the benefits when we can and as quickly as we can."

Last month the four main petrol companies raised the price of regular petrol to $2.229, an all time high.

Ad Feedback

- © Fairfax NZ News

Special offers

Featured Promotions

Sponsored Content