AA backs drop in petrol prices

Last updated 12:04 07/01/2014

Relevant offers


Receivers to close seven NZ Pumpkin Patch stores, 57 job losses Cathay Pacific A350, world's newest airliner, lands in Auckland Charges laid in US over India-based phone scam won't stem tide for Kiwis - NetSafe Friends-themed cafe in Singapore causes outrage with $1000 membership The young Kiwis making millions Edendale milk silo collapse cost set to hit $45 million - Mercer Money tool for the blind released by Reserve Bank Software from failed firm Wynyard underpins sex offender register and major police investigations The Warehouse swings pose risk of 'serious injury' Qantas ratchets up excess baggage fees by 75 per cent

Today's drop in fuel prices is appropriate, given questionable increases last week, the Automobile Association says.

Z Energy has dropped its petrol price by 2 cents a litre and diesel by 4c.

A litre of 91 octane has fallen to 217.9c and diesel to 152.9c.

Z cited the stronger New Zealand dollar and the falling cost of refined petrol and diesel on the international market as reasons for the drop.

BP said it had dropped its prices.

AA PetrolWatch spokesman Mark Stockdale questioned last week's petrol price rise of 3c a litre.

"Price cuts are appropriate," he said.

"Diesel has also been overpriced for some time, so today's 4c a litre cut was overdue."

Z Energy spokeswoman Christine Langdon said the cost of refined petrol and diesel on the international market was dropping.

Falling costs and a stronger New Zealand dollar meant Z would pass savings on to its customers, she said..

The kiwi was trading at US82.97c this morning, up from US82.16c at 5pm on Friday.

Ad Feedback

- Fairfax Media

Special offers

Featured Promotions

Sponsored Content