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


World Volatility Pushes Up Fuel Prices

News Release
13 May 2002

World Volatility Pushes Up Fuel Prices

Uncertainty over global fuel supply has forced BP to increase its petrol and diesel prices by four cents a litre from midnight tonight (Monday, 13 May) at its company-owned service stations.

At the same time the company will lift its wholesale price by four cents a litre to its independently-owned service stations.

Prices in the main cities will move to $1.12.9 for Unleaded 91 petrol and $1.17.9 for Unleaded Premium. The diesel price will move to 71.9 cents.

Parts of the country already with discount pricing will see larger increases.

BP Managing Director Peter Griffiths said the trend for higher crude oil and fuel product costs has continued, exacerbated by concern about the Middle East, OPEC’s decision not to boost production, and high demand for fuel in the US.

“The stronger New Zealand dollar has helped us resist global influences over the past few weeks, however, unfortunately we can no longer sustain the higher costs.”

- ends -

© Scoop Media

Business Headlines | Sci-Tech Headlines


Onetai Station: Overseas Investment Office Puts Ceol & Muir On Notice

The Overseas Investment Office (OIO) has issued a formal warning to Ceol & Muir and its owners, Argentinian brothers Rafael and Federico Grozovsky, for failing to provide complete and accurate information when they applied to buy Onetai Station in 2013. More>>


Tomorrow, The UN: Feds President Takes Reins At World Farming Body

Federated Farmers president Dr William Rolleston has been appointed acting president of the World Farmers’ Organisation (WFO) at a meeting in Geneva overnight. More>>


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>>


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>>


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>>


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>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news