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

 

Shell Announces Two Cent Drop In Petrol Prices

MEDIACOM-RELEASE-FROM-SHELL-NZ

SHELL ANNOUNCES TWO CENT DROP IN PETROL PRICES

Shell has dropped prices for both grades of petrol by two cents.

Shell Oceania Corporate Communications Manager, Antonius Papaspiropoulos, says the move has been prompted by an easing in prices for imported finished fuel over the past few days.

"Shell is doing what it promised and passing on early savings to customers. We have been concerned that world markets have recently pushed prices beyond one dollar a litre, and are keen to get them down below that dollar range as soon as possible."

Mr Papaspiropoulos says that while prices for imported Dubai crude oil remain high, Shell is hopeful that a meeting of the Organisation of Petroleum Exporting Companies (OPEC) at the end of this month will see a release of crude oil product onto world markets.

"Hopefully we will be able to pass on further savings to motorists when OPEC relaxes its quotas."

The price reduction is effective immediately, and diesel prices remain unchanged.

Ends

MEDIA RELEASE FROM SHELL NEW ZEALAND

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Media Mega Merger: StuffMe Hearing Argues Over Moveable Feast

New Zealand's two largest news publishers are appealing against the Commerce Commission's rejection of the proposal to merge their operations. More>>

Elsewhere:


Approval: Northern Corridor Decision Released

The approval gives the green light to construction of the last link of Auckland’s Western Ring Route, providing an alternative route from South Auckland to the North Shore. More>>

ALSO:


Crown Accounts: $4.1 Billion Surplus

The New Zealand Government has achieved its third fiscal surplus in a row with the Crown accounts for the year ended 30 June 2017 showing an OBEGAL surplus of $4.1 billion, $2.2 billion stronger than last year, Finance Minister Steven Joyce says. More>>

ALSO:

Mycoplasma Bovis: One New Property Tests Positive

The newly identified property... was already under a Restricted Place notice under the Biosecurity Act. More>>

Accounting Scandal: Suspension Of Fuji Xerox From All-Of-Government Contract

General Manager of New Zealand Government Procurement John Ivil says, “FXNZ has been formally suspended from the Print Technology and Associated Services (PTAS) contract and terminated from the Office Supplies contract.” More>>