BP Leads Price Decreases on Petrol And Diesel

Friday, 18 January 2013, 12:07 pm
Press Release: BP New Zealand

17 January 2013

BP has this morning led a national price reduction on petrol and diesel at its company owned sites. BP has decreased the price of petrol by 3 cents per litre and the price of diesel by 4 cents per litre. This brings the price at most BP owned service stations to:

91 Unleaded $ 209.9 cents per litre
95 Unleaded $ 217.9 cents per litre
Ultimate Diesel $ 150.9 cents per litre

“So far in 2013, we’ve seen a steady decline in the cost of refined products, coupled with small but steady strengthening of the New Zealand dollar overall,” BP Communications Manager, Jonty Mills said.

“This has brought us to the point of being able to pass on the benefits today so hopefully those customers that are still in holiday mode can take advantage,” he added.

Mills pointed to falling oil prices across most markets over the last week and accelerating inflation in China as contributing factors.

“Inflation in China will likely see tightening of monetary policy which, while curbing inflation, will also curb demand and this has flowed through to market numbers. US debt talks are also putting uncertainty in the markets,” Mills concluded.

ENDS

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