Petrol prices cut twice in week

HAMISH RUTHERFORD
Last updated 09:14 26/10/2012

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Fuel prices continue to fall, with BP dropping the pump price of petrol for the second time this week.

The company said 91 octane petrol, the most commonly used grade, was being cut by 3 cents a litre to $2.119 at company owned sites. Diesel prices are also being cut by 3 cents, to $1.529 a litre.

"It's a continuation of the decline this week in international product prices," BP spokesman Jonty Mills said.
"This, coupled with the New Zealand dollar remaining relatively strong on the back of the Reserve Bank holding the official cash rate has enabled us to pass on further benefits this week," he added.

BP's rivals are expected to follow suit this morning.

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- BusinessDay.co.nz

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