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


AA Petrol Watch – March 2004

AA Petrol Watch – March 2004

AA Petrol Watch has shown that changes in petrol prices at the pump throughout March, have followed a similar pattern to that during February. This reflects continuing volatility in the international price of oil and changes in the exchange rate.

The nation-wide average price of 91 Octane rose from a low of 108.5 cents per litre in the first week of March, to reach a high of 115.5 cents per litre during the second half of the month. In the last week of March the average 91 Octane price fell to 114.5 cents per litre. The importer margin for petrol varied between 11 and 14 cents per litre throughout the month.

Diesel prices also showed variation, with the nation-wide average price for diesel ranging between 63 and 67.5 cents per litre throughout the month.

“It is acknowledged that the international price of oil and the exchange rate are likely to remain volatile for some time yet. However with school holidays and Easter approaching, motorists will be seeking more stability in pump prices,” George Fairbairn, AA Director of Public Affairs said today.

The Association again raises its concern that too many sites are not showing the prices of both 96 and 98 octane fuels on the forecourts.

“It is in the interests of good competition and information for all motorists that a clear indication of the price of all fuels at a retail outlet is available before they drive onto the forecourt. In the absence of good price information, motorists are becoming somewhat cynical that retailers could be making an increased margin on premium grade fuels”, said Mr Fairbairn.

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

© Scoop Media

Business Headlines | Sci-Tech Headlines


I Sing The Highway Electric: Charge Net NZ To Connect New Zealand

BMW is turning Middle Earth electric after today announcing a substantial contribution to the charging network Charge Net NZ. This landmark partnership will enable Kiwis to drive their electric vehicles (EVs) right across New Zealand through the installation of a fast charging highway stretching from Kaitaia to Invercargill. More>>


Watch This Space: Mahia Rocket Lab Launch Site Officially Opened

Economic Development Minster Steven Joyce today opened New Zealand’s first orbital launch site, Rocket Lab Launch Complex 1, on the Mahia Peninsula on the North Island’s east coast. More>>


Marketing Rocks!
Ig Nobel Award Winners Assess The Personality Of Rocks

A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>


Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>


Half A Billion Accounts, Including Xtra: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>


Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news