Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Shell Slashes Petrol Prices Again

Shell Slashes Petrol Prices For The Second Time In A Week

MEDIACOM-RELEASE-SHELL-NEW-ZEALAND

SHELL SLASHES PETROL PRICES FOR THE SECOND TIME IN A WEEK

Shell New Zealand led petrol prices down by 1 cent across all grades this afternoon.

Shell, which led prices down last Thursday, says the move is in anticipation of falling international prices for crude oil.

Shell Oceania Communications Manager, Antonius Papaspiropoulos, says a fall in the price of finished fuel over the weekend has allowed the Company to pass on further benefits to customers.

"Shell is taking a risk with the latest price reduction, but last week's decision by OPEC to release further supplies of oil onto world markets bodes well, and is expected to result in lower crude prices. While the market is yet to stabilise, we believe we can pass on some early savings to motorists. It is Shell's desire to see petrol prices fall within the one dollar range as soon as possible."

The latest reduction means that average prices in the main centres a $.98.9 cents for 91 octane, $1.03 for 96 octane, and 65.5 cents for diesel.

ENDS


© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Budget Policy Statement: 'Wellbeing Of NZers At The Heart Of Budget Priorities'

“We want a wellbeing focus to drive the decisions we make about Government policies and Budget initiatives. This means looking beyond traditional measures - such as GDP - to a wider set of indicators of success,” Grant Robertson said. More>>

ALSO:

Short Of 2017 Record: Insurers Pay $226m Over Extreme Weather

Insurers have spent more than $226 million this year helping customers recover from extreme weather, according to data from the Insurance Council of NZ (ICNZ). More>>

Environment Commissioner: Transparent Overseer Needed To Regulate Water Quality

Overseer was originally developed as a farm management tool to calculate nutrient loss but is increasingly being used by councils in regulation... “Confidence in Overseer can only be improved by opening up its workings to greater scrutiny.” More>>

ALSO:

Deal Now Reached: Air NZ Workers Vote To Strike

Last week union members voted overwhelmingly in favour of industrial action in response to the company’s low offer and requests for cuts to sick leave and overtime. More>>

ALSO: