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


AA Petrol Watch


AA PetrolWatch notes that, despite the uncertainties created by conflict in Iraq, wholesale and retail petrol prices fell during March. This reflected falling international oil prices, contrary to earlier expectations that prices would in fact rise. The New Zealand dollar also remained strong. AA PetrolWatch could clearly establish that pump prices fell quickly in response to lower international oil prices and, as well, that the importer margin for the last week in March was the lowest in nine months.

In March, pump prices for 91 Octane fell on average: 5¢/litre in Auckland and Tauranga (from highs of 110¢ down to 105¢/litre) 7¢/litre in other North Island centres (from 113¢ down to 106¢/litre) 10¢/litre in the South Island (from 116¢ down to 107¢/litre).

Auckland, Tauranga and, to some extent, Hamilton regularly have lower pump prices than the rest of the country because of stronger competition in these locations. These areas do not always see the full effect of decreases in pump prices compared to those announced by the oil companies, because there is often already a discount in place.

The regional patterns show the greatest price volatility in the South Island. This could be indicating that the least competitive areas are being targeted first for price increases.

© Scoop Media

Business Headlines | Sci-Tech Headlines


Mycoplasma Bovis: More Properties Positive

One of the latest infected properties is in the Hastings district, the other three are within a farming enterprise in Winton. The suspect property is near Ashburton. More>>


Manawatū Gorge Alternative: More Work Needed To Choose Route

“We are currently working closely and in partnership with local councils and other stakeholders to make the right long-term decision. It’s vital we have strong support on the new route as it will represent a very significant long-term investment and it will need to serve the region and the country for decades to come.” More>>


RBNZ: Super Fund Chief To Be New Reserve Bank Governor

Adrian Orr has been appointed as Reserve Bank Governor effective from 27 March 2018, Finance Minister Grant Robertson says. More>>


ScoopPro: Helping PR Professionals Get More Out Of Scoop has been a fixture of New Zealand’s news and Public Relations infrastructure for over 18 years. However, without the financial assistance of those using Scoop in a professional context in key sectors such as Public Relations and media, Scoop will not be able to continue this service... More>>

Insurance: 2017 Worst Year On Record For Weather-Related Losses

The Insurance Council of New Zealand (ICNZ) announced today that 2017 has been the most expensive year on record for weather-related losses, with a total insured-losses value of more than $242 million. More>>