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

 

Shell First Again To Bring Prices Down

28 March 2002

Shell New Zealand today announced it was again reducing the price of both grades of petrol, as well as diesel, by 2 cents per litre, effective immediately, with the strengthening New Zealand currency making the reduction possible.

"This will lead to a reduction at the pump of up to two cents per litre in many parts of New Zealand with a new prevailing price of 106.9 cents per litre for 91 octane, 111.9 cents per litre for 96 octane and 65.9 cents per litre for diesel. However in some areas of the North Island, where intense competition has already seen prices fall, motorists may not see any adjustment at their local Shell outlet," Shell's Retail Manager Bruce Emson said.

"Shell is delighted to once again be the first company to pass on the effects of a strong Kiwi dollar to the New Zealand motorist.

"This price reduction continues Shell's commitment to bringing New
Zealanders the lowest possible fuel prices," Mr Emson said.


ENDS

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Real Estate: Foreign Buyers Ban Passes Third Reading

The Bill to put in place the Government’s policy of banning overseas buyers of existing homes has passed its third and final reading in the House. More>>

ALSO:

Nine Merger: Fairfax Slashes Value Of NZ Business

Fairfax Media Group more than halved the value of its Kiwi assets, attaching just A$40 million to mastheads that were once the core of a billion dollar investment. More>>

Collecting Scalpers: Commerce Commission To Sue Viagogo

The Commission will claim that Viagogo made false or misleading representations: • that it was an “official” seller, when it was not • that tickets were limited or about to sell out • that consumers were “guaranteed” to receive valid tickets for their event • about the price of tickets... More>>

ALSO:

Price Of Cheese: Fonterra CEO Goes Early After Milk Price Trimmed

Aug. 15 (BusinessDesk) - Fonterra Cooperative Group chief executive Theo Spierings is leaving the role early after the world's biggest dairy exporter lowered its farmgate payout and trimmed its dividend to retain cash. More>>

ALSO: