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

 

Petrol prices tumble below $1

20 November 2002
News Release


Petrol prices tumble below $1

BP has dropped the price of petrol to below $1 a litre - the lowest it has been in eight months.

Effective immediately, BP has shaved two cents a litre off petrol and diesel prices at its company owned and operated service stations nationwide.

The wholesale price (the amount it charges privately owned BP service stations) will drop by two cents at midnight tonight. (Privately owned service stations set their own pump prices).

BP operated service stations in the main cities will now charge 99.9 cents per litre of Unleaded 91 petrol, $1.04.9 for Premium Unleaded, and 61.9 cents for diesel. Prices were last at this level in March.

BP Managing Director Peter Griffiths said it was BP’s third price drop in a fortnight bringing down petrol and diesel prices by six cents a litre.

”Motorists are enjoying the benefits of low world oil costs and a strong New Zealand dollar.”


- 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: