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

 

Petrol and Diesel Prices Continue to Rise

New Zealand Energy Statistics: March 2000 quarter

Retail petrol prices rose 4.5 per cent between the December 1999 and March 2000 quarters. Prices are 19.6 per cent higher compared with the March 1999 quarter and are at their highest level since March 1993, according to Statistics New Zealand figures. Diesel prices have risen 7.6 per cent between the December 1999 and March 2000 quarters, and rose 33.0 per cent compared with the March 1999 quarter. The increases reflect the continuing rise in world oil prices, compounded by the weakening value of the New Zealand Dollar.

Deliveries of diesel increased by 7.9 per cent in volume in the year ended March 2000. This increase can be partly attributed to higher manufacturing activity and increased exports of commodities.

After adjustment to remove seasonal variations, the volume of electricity generated in the March 2000 quarter was unchanged from the level recorded both in the December 1999 quarter and the March 1999 quarter. However, generation for the year ended March 2000 was down 0.5 per cent when compared with the year ended March 1999. Low water levels in the hydro storage lakes during the 1999 calendar year contributed to a reduction in hydro electricity generation, and an increased volume of electricity produced by thermal generators.

Ian Ewing

Deputy Government Statistician
END

© 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>>