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

 

Shell follows with petrol price increase

Shell reluctantly follows competitors with petrol price increase

Shell New Zealand is giving customers until 8.pm tonight (Thursday, 10 July 2003) to fill up their cars with petrol at the old price, before it is forced to raise prices as a result of increased costs for refined product.

“Shell is always reluctant to raise prices, but the increasing price of petrol on the international market has impacted on our costs. Recent gains in the New Zealand dollar have partially offset the increased cost of product,” Shell’s Retail Manager Mark Nobilo said today.

“Shell is totally committed to bringing New Zealanders the best possible fuel prices, and we will continue to monitor the situation daily to ensure that we are delivering on that commitment,” Mr Nobilo said.

The price of 91 grade petrol will rise to 105.9 per litre, 96 grade will rise to 110.9 per litre at most Shell service stations.

Shell’s wholesale price of diesel will not increase. However prices at the pump may increase in areas where discounting has been occurring to a new price of 59.9 cents per litre at most Shell service stations.

© 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>>