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

 


Gull Holds Fuel Prices

Gull Holds Fuel Prices

Auckland, 6 August 2009 – Gull has this afternoon committed to holding their fuel prices for at least the weekend. This is in contrast to today’s increase by several of the oil giants.

David Bodger, Gull General Manager, says that while the refined barrel and exchange rates are both volatile this does not equate to a price increase.

Bodger further notes the irony of this latest move coming shortly after the AA said that the New Zealand market had not been adversely affected by the recent introduction of the Emissions Trading Scheme.

“No sooner had the AA announcement been made that the price increased to levels above those seen prior to the ETS,” says Bodger.

“Increasing prices on a Friday afternoon also goes against Gull’s philosophy of value to the motorist. This is the time that most Kiwi motorists are filling their vehicles for the weekend, and increasing prices at this time takes advantage of a captive market.”

Bodger concludes, “We’ll look at our margins again on Monday morning, but because it’s a Monday, we’ll be in no rush to do so.”

At the majority of Gull outlets where Gull controls retail prices, prices are as follows:

Gull Regular Plus (91 Octane) $1.739
Gull Regular (91 Octane) $1.759
Gull Force 10 (98 Octane) $1.879
Gull Low Sulphur Diesel $1.179

Gull’s increasing network of unmanned sites will offer a further discount on these prices

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Finance: Major Campaign To End "Gross Overtaxation Of Savings"

The campaign – which includes a special web site through which New Zealanders can e-mail their own and other MPs and party leaders – is backed by Age Concern, Consumer NZ, the Financial Services Council and the Taxpayers’ Union. More>>

ALSO:

Scoop Business: Leighton-Led WGP To Build, Manage Transmission Gully

The Wellington Gateway Partnership, led by a unit of ASX-listed Leighton Holdings, has won the $1 billion contract to build the Transmission Gully road north of Wellington. More>>

ALSO:

Gareth Morgan: The Government’s Fresh Water Policy – Revisited

Fresh water quality is the latest area to be in the sights of Gareth Morgan and his research organisation The Morgan Foundation... They found that the fresh water policy was a bit murkier than the Environment Minister let on. More>>

ALSO:

Interest Rates: RBNZ Hikes OCR To 3.5%, ‘Period Of Assessment’ Now Needed

Reserve Bank governor Graeme Wheeler raised the official cash rate as expected, while signalling a pause in rate hikes to assess the impact of moves so far this year. The kiwi dollar sank after Wheeler said its strength was “unjustified” and that the currency could have “a significant fall.” More>>

ALSO:

Fonterra: Canpac Site 'Resize' To Focus More On Paediatrics

Fonterra is looking at realigning its packing operations at Canpac, in the Waikato, to focus more on paediatric nutritionals... The proposed changes could mean around 110 roles may not be required at the site which currently employs 330. More>>

ALSO:

Scoop Business: Postie Plus Brand Gets 2nd Chance With Well-Funded Pepkor

The Postie Plus brand is getting a new lease of life after South Africa’s Pepkor bought the failed retailer’s assets out of administration and said it will use its purchasing power to reduce costs of stock and fatten margins. More>>

ALSO:

Get More From Scoop

 
 
Computer Power Plus

Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news