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

 

AA Petrol Watch – October 2003

For Immediate Release
4 November 2003

AA Petrol Watch – October 2003

AA Petrol Watch observed that petrol prices at the pump rose slightly during October, despite a strengthening New Zealand dollar and relative stability in the international price for oil. The nation-wide average price for 91 Octane rose from 104.0 cents per litre in the earlier part of the month to 105.5 cents per litre in the later part of the month.

The importer margin for petrol varied between 10.5 and 12.5 cents per litre, compared with the average for this year of around 12.5 cents per litre.

The nation-wide average price of diesel also rose to 60.5 cents per litre in the last part of October, compared with average for the last part of September of 58.5 cents per litre.

“The high exchange rate and relative stability in international oil prices should ensure pump prices remain at current levels into November” said George Fairbairn, AA Director of Public Affairs.

The recent introduction of discounted petrol sales at some supermarket outlets should bring benefits to motorists and be convenient for shoppers, despite being directly linked to grocery sale volumes

“All motorists will be closely watching this initiative to see whether it brings wider benefits and enhanced competition in the fuels market” Mr Fairbairn said.

AA Petrol Watch will continue to monitor fuel prices and report on them regularly.

Ends.


© 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>>