Petrol drops 3c a litre

Last updated 13:12 05/11/2012

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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.

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- BusinessDay.co.nz

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