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


Prices fall again at BP

Prices fall again at BP

The price of petrol and diesel fell again today with BP decreasing the price by a further 4 cents per litre.

This is BP’s 22nd price decrease since July this year, with petrol falling a total of 83 cents per litre in that period, while diesel has fallen 84 cents per litre in the same period.

BP Managing Director Peter Griffiths says BP is very pleased to be able to give motorists another decrease at the pump.

“The decrease is due to decreases in the international price of refined petrol and diesel. We are now seeing the decreases in the price of crude oil on global markets of the last couple of weeks flowing through to refined petrol and diesel.”

“BP monitors these costs daily (including during the holiday period) and is committed to passing on the benefits of lower product prices to motorists as quickly as possible.”

Pump prices in New Zealand are determined by the international price of refined petrol and diesel (purchased in US dollars), the US/NZ exchange rate, taxes and levies, international shipping costs and local operational costs.

Petrol is now the cheapest it has been at the pump since December 2005.

Prices at most BP owned service stations have dropped to 135.9 cents per litre for Unleaded 91 and 107.9 cents per litre for diesel.


© Scoop Media

Business Headlines | Sci-Tech Headlines


By May 2018: Wider, Earlier Microbead Ban

The sale and manufacture of wash-off products containing plastic microbeads will be banned in New Zealand earlier than previously expected, Associate Environment Minister Scott Simpson announced today. More>>


Snail-ier Mail: NZ Post To Ditch FastPost

New Zealand Post customers will see a change to how they can send priority mail from 1 January 2018. The FastPost service will no longer be available from this date. More>>


Property Institute: English Backs Of Debt To Income Plan

Property Institute of New Zealand Chief Executive Ashley Church is applauding today’s decision, by Prime Minister Bill English, to take Debt-to-income ratios off the table as a tool available to the Reserve Bank. More>>


Divesting: NZ Super Fund Shifts Passive Equities To Low-Carbon

The NZ$35 billion NZ Super Fund’s NZ$14 billion global passive equity portfolio, 40% of the overall Fund, is now low-carbon, the Guardians of New Zealand Superannuation announced today. More>>


Split Decision - Appeal Planned: EPA Allows Taranaki Bight Seabed Mine

The Decision-making Committee, appointed by the Board of the Environmental Protection Authority to decide a marine consent application by Trans-Tasman Resources Ltd, has granted consent, subject to conditions, for the company to mine iron sands off the South Taranaki Bight. More>>