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

 

Shell Slashes Petrol Prices Twice In A Week

MEDIACOM-RELEASE-SHELL-NEW-ZEALAND

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

 

Manawatu-Whanganui Projects: PGF Top-Up To Rural Broadband Roll-Out

The government has effectively raided the $3 billion Provincial Growth Fund to top up the budget for the second phase of its rural broadband initiative, filling in mobile 'black spots' and ensuring broadband is available to marae that don't have access now. More>>

ALSO:

Other Windy Cities: Auckland-Chicago Named A Top 10 ‘Most Exciting’ New Route

The inclusion of Auckland-Chicago on Lonely Planet’s Where to fly in 2019? The 10 most exciting new flight routes list comes just two weeks before Air New Zealand prepares to celebrate its inaugural flight to Chicago’s O’Hare International Airport on 30 November. More>>

Deadly Strain: ESR Ups Its Reporting On Meningococcal Disease

The increasing number of cases of Group W Meningococcal disease (MenW) has prompted ESR to increase its reporting on the disease to the Ministry of Health. ESR has upped its reporting to weekly. More>>

ALSO:

Very Small Things: "Game-Changing" 3D Printing Technology Launched

New Zealand microfabrication researchers Andrea Bubendorfer and Andrew Best, the co-inventors of a new way of fabricating very small things with Laminated Resin Printing (LRP), are part of Callaghan Innovation’s MicroMaker3D team launching the new patent pending technology in the US this week. More>>

ALSO: