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


Shell Drops Prices By Another Two Cents


Shell New Zealand is leading a two cent decrease in petrol prices with immediate effect.

Shell says as stocks of petrol in the Northern Hemisphere have improved, finished product prices have fallen. This has allowed Shell to again pass on instant benefits to customers.

Shell Retail Manager, Steve Foster, says Shell is conscious of the impact that high fuel prices are having on the economy, and therefore wants to bring prices down as soon as possible.

“Shell is committed to bringing prices down whenever an opportunity arises, and no matter how shortlived this might be in this incredibly volatile market.”

Diesel remains unaffected by the latest move, reflecting continued pressure on heating oil stocks.

This is due to the buoyant economy in the United States which is sapping all available diesel supplies, and the increased pressure on heating oils as the Northern hemisphere moves in to winter.”

Mr Foster says Shell will continue to reduce prices whenever it sees a gap in international oil markets.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Emission Statement: No New Coal Boilers For Fonterra

Fonterra is shaving eleven years off its coal target, as it announces a new commitment to reduce its reliance on coal. More>>


Long Time Coming: Soil Turned On Waimea Dam

After almost 20 years of planning and a 'gruelling' process to keep the project on track, the Waimea Community Dam, one of the Tasman District's largest-ever projects, is now under way. More>>

Where's My Drone Pizza: Govt's Drone Plan 'Will Help Economy Take Off'

The paper Taking Flight: an aviation system for the automated age sets out the Government’s vision for how drones can be better integrated into the current transport system to develop a thriving, innovative and safe sector. More>>


Up 17.% In June Year: Fuel And Rent Drive Inflation

The consumers price index (CPI) rose 0.6 percent in the June 2019 quarter, due to higher prices for petrol and rent, Stats NZ said today. More>>