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

 


Fuel Price Rise

Increasing refined product costs have resulted in Caltex raising petrol and diesel prices by 5c per litre.

The retail price will take effect this morning at company controlled sites and the wholesale price will increase at midnight tonight.

Input refined product costs have gone up 19% for petrol and 15% for diesel since 11th February which was the last price increase. In addition oil prices have increased more than 24% during the same period.

Niall Kramer, Manager of Brand and Corporate Communications said “We are reluctant to raise the prices but unfortunately these are external economic forces that are beyond our control.”

Mr Kramer said Caltex prides itself on being competitive on pricing but said there are times when it was also necessary to move prices up. This is a volatile environment. We are considering more regular but smaller price moves, probably on an on-going basis by region, instead of large moves such as this one.

This increase takes the price to 108.9c per litre for Vortex regular, 113.9c per litre for Vortex premium and 67.9c per litre for diesel.

Caltex is committed to bringing customers high quality products and competitive prices on an ongoing basis. For information on our products visit www.caltex.com

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

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