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


Shell Drops Diesel Prices By 3 Cents

Media Release from Shell New Zealand

7 December 2000


Shell announced a three cent drop in diesel prices across its service station network today (Thursday 7 December), building on the 10 cent decrease in petrol and diesel prices announced by the Company yesterday.

Diesel prices in the main centres will move to 79.9 cents with immediate effect.

Shell said the move was a continued, deliberate response to win new custom and build its market share across its service station network.

Says Shell Retail Manager, Steve Foster: “Shell is 100 per cent committed to bringing motorists the best petrol and diesel prices in the country.”

Mr Foster said Shell’s pricing strategy was sustainable, and forward-looking.

“This is about building loyalty and respect. We will continue to compete aggressively until the greater New Zealand public discover that Shell is the most innovative and cost-competitive company in the sector.”

Yesterday’s 10-cent decrease in fuel prices was the biggest on record, and reflected Shell’s continued role as the leading oil marketer and explorer in the Southern Hemisphere.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Industry Report: Growing Interactive Sector Wants Screen Grants

Introducing a coordinated plan that invests in emerging talent and allows interactive media to access existing screen industry programmes would create hundreds of hi-tech and creative industry jobs. More>>


Ground Rules: Government Moves To Protect Best Growing Land

“Continuing to grow food in the volumes and quality we have come to expect depends on the availability of land and the quality of the soil. Once productive land is built on, we can’t use it for food production, which is why we need to act now.” More>>


Royal Society: Calls For Overhaul Of Gene-Technology Regulations

An expert panel considering the implications of new technologies that allow much more controlled and precise ‘editing’ of genes, has concluded it’s time for an overhaul of the regulations and that there’s an urgent need for wide discussion and debate about gene editing... More>>


Retail: Card Spending Dips In July

Seasonally-adjusted electronic card spending dipped in July by 0.1 percent after being flat in June, according to Stats NZ. Economists had expected a 0.5 percent lift, according to the median in a Bloomberg poll. More>>


Product Stewardship: Govt Takes More Action To Reduce Waste

The Government is proposing a new way to deal with environmentally harmful products before they become waste, including plastic packing and bottles, as part of a wider plan to reduce the amount of rubbish ending up in landfills. More>>


Earnings Update: Fonterra Sees Up To $675m Loss On Writedowns

“While the Co-op’s FY19 underlying earnings range is within the current guidance of 10-15 cents per share, when you take into consideration these likely write-downs, we expect to make a reported loss of $590-675 million this year, which is a 37 to 42 cent loss per share." More>>