Petrol drops 3c a litre

Last updated 13:12 05/11/2012

Relevant offers

Industries

Law professor wants refusal to release TPP documents overturned Origin Energy sells out of Contact Energy at $4.65 a share Xero chief operating officer Ross Jenkins to leave firm Auckland Airport executives quit following strategic review Waikato-Tainui estate set to increase with part-sale of The Base More than 14,000 construction jobs could disappear in Canterbury: Westpac Emergency services unsure how to cope with loss of paging network Stanaway real estate ruled 'negligent' in botched $6m mansion sale Online 'directory' scamming small businesses, Commerce Commission warns Origin Energy's sale of 53pc stake good for Contact: analyst

Petrol prices have fallen for the third time in a fortnight, as international prices continue to ease.

BP led this morning’s price cut, lowering petrol prices by 3 cents a litre. Regular unleaded petrol now costs $2.089 a litre at most company owned stations, BP said.

Z Energy matched the cut almost immediately.

Diesel prices were unchanged.

“The cost of international product prices has been on a downward curve over the last couple of weeks,” BP spokesman Jonty Mills said. “This, coupled with the continued overall strength of the New Zealand dollar, is the combination that has allowed us to pass on these reductions consecutively.’’

Petrol prices are now at their lowest level since late July.

Ad Feedback

- BusinessDay.co.nz

Comments

Special offers

Featured Promotions

Sponsored Content