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


BP Gives Motorists Early Christmas Present

BP has slashed its national wholesale petrol and diesel prices in the wake of a firmer New Zealand dollar and lower crude oil costs.

Today, BP dropped its wholesale fuel prices by 6 cents a litre taking BP’s prices at most of its service stations in the main cities to $1.13.9 for Unleaded 91, $1.18.9 for Premium Unleaded and 86.9 cents for diesel.

Most cities, including Auckland, Christchurch and Dunedin, have already seen some or all of this price reduction over the past week. Therefore, price movements in these cities will vary accordingly.

BP’s Managing Director Peter Griffiths said it’s wonderful news for motorists, especially as they approach Christmas holidays.

“The lower crude prices and our stronger dollar couldn’t have come at a better time for motorists after a turbulent year for fuel pricing.”

Mr Griffiths said today’s price cut reflects BP’s ongoing commitment to passing on the benefits of lower international prices.

“BP has led 11 of the past 15 nationwide price drops,” he said.

Crude and refined product prices have dropped by between NZ$12-15 since BP’s last price change on November 20. This is largely due to expectations of increased production of oil by Saudi Arabia.

Most of these cost reductions have occurred this week.

The stronger New Zealand dollar – today at 42.1 cents against the US dollar - is also helping push prices down.

Mr Griffiths said he hopes motorists will continue to reap the benefits of the current downward trend on petrol and diesel prices into the New Year.

- ends -

For further information, contact:

Jane Diver
Communications Manager
Tel: 04 495-5656
Mob: 025 575 668

© Scoop Media

Business Headlines | Sci-Tech Headlines


Super Fund/Canada Bid v NZTA: Tow Preferred Bidders For Auckland Light Rail

The two preferred delivery partners for Auckland light rail have been chosen and a final decision on who will build this transformational infrastructure will be made early next year, Minister of Transport Phil Twyford announced. More>>

9.3 Percent: Gender Pay Gap Unchanged Since 2017

“While it has remained flat since 2017, the gender pay gap has been trending down since the series began in 1998, when it was 16.2 percent,” labour market statistics manager Scott Ussher said. More>>


Ex-KPEX: Stuff Pulls Pin On Media Companies' Joint Ad-Buying Business

A four-way automated advertising collaboration between the country's largest media companies is being wound up after one of the four - Australian-owned Stuff - pulled the pin on its involvement as part of a strategic review of its operations ... More>>

Bus-iness: Transdev To Acquire More Auckland And Wellington Operations

Transdev Australasia today announced that it has agreed terms to acquire two bus operations in Auckland and Wellington, reaching agreement with Souter Investments to purchase Howick and Eastern Buses and Mana Coach Services. More>>