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

 

"Broad-Based Growth": GDP Rises 1 Percent In June Quarter

Gross domestic product (GDP) rose 1.0 percent in the June 2018 quarter, up from 0.5 percent last quarter, Stats NZ said today. This is the largest quarterly rise in two years. More>>

ALSO:

Judicial Review: China Steel Tarrif Rethink Ordered

On 5 July 2017 the Minister determined not to impose duties on Chinese galvanised steel coil imports. NZ Steel applied for judicial review of the Minister’s decision. More>>

Debt: NZ Banks Accelerate Lending In June Quarter

New Zealand's nine major lenders boosted lending at the fastest quarterly pace in almost two years as fears over bad debts subsided. More>>

ALSO:

Balance Of Trade: Annual Current Account Deficit Widens To $9.5 Billion

New Zealand’s current account deficit for the year ended June 2018 widened to $9.5 billion, 3.3 percent of GDP, Stats NZ said today. More>>

ALSO: