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

 


Shell leads fuel prices down.……AGAIN!

SHELL NEW ZEALAND

7 November 2001
MEDIA STATEMENT


Shell leads fuel prices down.……AGAIN!
Both petrol grades now under a dollar

Shell today dropped the price of both grades of petrol, and diesel by up to three cents a litre. This brings the prices of 91 grade petrol down to 94.9 cents per litre, 96 grade petrol down to 99.9 cents per litre and the price of diesel down to 66.9 cents per litre, in most urban areas. This means that both grades of petrol are now under a dollar for the first time since January 2000.

Shell Retail Manager Bruce Emson said the price reductions reflected current market conditions.

“Shell is determined to bring our customers the lowest possible fuel prices. We are again taking the lead in bringing prices down, as a result of market conditions, including lower crude oil prices, the state of the New Zealand dollar, and overall pressures in the New Zealand market place.

“Shell is pleased that once again we have lead the way down – this is the 20th time since December last year that Shell has taken a pricing reduction initiative. We intend to continue to ensure that we deliver the lowest possible prices to our customers,” Mr Emson said.

Shell said that the price reduction would not apply in areas where aggressive pricing has already seen prices fall by as much or more than the 3 cents a litre reduction announced today.

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

I Sing The Highway Electric: Charge Net NZ To Connect New Zealand

BMW is turning Middle Earth electric after today announcing a substantial contribution to the charging network Charge Net NZ. This landmark partnership will enable Kiwis to drive their electric vehicles (EVs) right across New Zealand through the installation of a fast charging highway stretching from Kaitaia to Invercargill. More>>

ALSO:

Watch This Space: Mahia Rocket Lab Launch Site Officially Opened

Economic Development Minster Steven Joyce today opened New Zealand’s first orbital launch site, Rocket Lab Launch Complex 1, on the Mahia Peninsula on the North Island’s east coast. More>>

Earlier:

Marketing Rocks!
Ig Nobel Award Winners Assess The Personality Of Rocks

A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>

ALSO:

Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>

ALSO:

Half A Billion Accounts, Including Xtra: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>

ALSO:

Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news