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

 

BP drops fuel prices 3 cents

BP drops fuel prices 3 cents

BP has today dropped the price of petrol and diesel by three cents a litre due to lower crude prices as oil traders speculate on a quick war in Iraq.

BP Managing Director Peter Griffiths said crude prices have dropped NZ$6 in the past five days, but warned that prices could go either way in the next few weeks.

Mr Griffiths said BP was keeping its promise to pass on the benefits of lower crude prices to motorists as quickly as possible.

“What happens next to prices depends on what happens in the Middle East, but motorists should prepare for a lot of volatility.”

Petrol prices at most BP owned service stations have dropped to $1.129 per litre for Unleaded 91, $1.179 for Premium Unleaded and 72.9 cents for diesel.

BP will drop its wholesale price to independently-owned BP service stations by three cents a litre from midnight tonight.

Regions already enjoying discount pricing may not see a price change.

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Media Mega Merger: StuffMe Hearing Argues Over Moveable Feast

New Zealand's two largest news publishers are appealing against the Commerce Commission's rejection of the proposal to merge their operations. More>>

Elsewhere:


Approval: Northern Corridor Decision Released

The approval gives the green light to construction of the last link of Auckland’s Western Ring Route, providing an alternative route from South Auckland to the North Shore. More>>

ALSO:


Crown Accounts: $4.1 Billion Surplus

The New Zealand Government has achieved its third fiscal surplus in a row with the Crown accounts for the year ended 30 June 2017 showing an OBEGAL surplus of $4.1 billion, $2.2 billion stronger than last year, Finance Minister Steven Joyce says. More>>

ALSO:

Mycoplasma Bovis: One New Property Tests Positive

The newly identified property... was already under a Restricted Place notice under the Biosecurity Act. More>>

Accounting Scandal: Suspension Of Fuji Xerox From All-Of-Government Contract

General Manager of New Zealand Government Procurement John Ivil says, “FXNZ has been formally suspended from the Print Technology and Associated Services (PTAS) contract and terminated from the Office Supplies contract.” More>>