Early Christmas gift for motorists

NICOLE PRYOR
Last updated 14:23 11/12/2012

Relevant offers

Money

Lotto ticket bought in Cromwell wins $1 million Top tips for a big salary - NZ's highest-earning industries revealed A thousand people a year challenge mistakes in credit files Savers have options if they want a better return than banks can give them Health confessions from people in our most populous centres 'Health age' research spells out grim outlook for many Inquiry which found Newshub leaked interest rate decision cost taxpayers $59,000 You're not the only one to fight with your lawnmower - unreliable, but Kiwis still love them Predicting your KiwiSaver account balance easier with new Kiwi Wealth tool Budget 2016: It's not so tough at the top while the bottom 'gets ignored'

Petrol prices dropped four cents today, boding well for the holiday road trip.

First off the mark was BP, shaving the price to $2.08 for 91 Unleaded and $2.16 for 95 Unleaded.

Competitors Z Energy and Caltex then matched the price.

A spokesperson for BP, Jonty Mills, said lower international prices signalled it was time to pass savings on to the customer at the pump.

"Since the end of November, we've seen a steady decrease in international product prices," he said.

"Internationally, weaker economic growth may further reduce fuel demand and boost inventories."

Gull's prices were already below the other petrol companies, Gull NZ general manager Dave Bodger said.

"Gull's prices are below big oil's, and have been for weeks. It really is a bit naughty to trumpet a price drop when you're not leading the market."

Gull's price for 91 octane petrol ranged from $2.00 to $2.07 per litre. 

Mark Stockdale, spokesperson for AA's PetrolWatch, said it was the first price change in three weeks.

"Things are looking up for the Kiwi Christmas road trip," he said.

"This time last year we were paying $2.07 per litre - so prices have little changed in the last 12 months whereas they usually increase year on year."

He said since November 21, when prices spiked 4 cents, petrol prices have fallen 3 per cent.

Ad Feedback

- Stuff

Special offers

Featured Promotions

Sponsored Content