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Shell NZ: Response to independent petrol study

Monday 16 June 2008

ATTENTION NEWS ROOMS

Shell New Zealand: Response to independent petrol study

Shell welcomes the New Zealand Government's independent study on petrol pricing.

"We have been engaged with key stakeholders such as the AA, Consumers Institute and Ministry of Economic Development, specifically looking at how we can all improve understanding of how petrol pricing works," said Mark Forsyth, Shell Retail General Manager.

"We look forward to co-operating with the study, and looking for ways we can help our customers better understand the make up of pump prices including the impact of crude oil prices, exchange rates and Government taxes.

“We recognize that customers are concerned and affected by the price of fuel. There are more than 3,500 oil companies in the world, and as one of them, Shell produces only 3% of the world’s crude oil. As such, Shell is subject to market fluctuations in price and supply.

Shell looks forward to engaging with the Government and its consultants.

ENDS

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