Shell drops petrol back under $2 per litre
Attention Newsroom: Press Release by Shell New Zealand
Petrol is back under $2 per litre after Shell decreased Ultra 91 by 3 cents per litre (cpl) at 5pm tonight. Shell has also decreased diesel by 8 cpl making it 171.9 cpl.
"We have been reviewing prices daily, and despite a steady fall in the Kiwi dollar over the last week, we have seen enough drop in the price of crude to be able to pass on these savings to Kiwi motorists."
Shell's national pump prices are:
• Shell Ultra 91 199.9
• Shell V-Power (95) 204.9
• Shell Diesel 171.9
In the last month, Shell has lead petrol and diesel
price decreases five and four times respectively.
Since the beginning of August, the Kiwi dollar has dropped in value by roughly 5%; as Shell buys its fuel in US dollars, that translates to roughly a 5.5cpl increase in the cost of crude and refined oil.