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

 

BP Leads Price Decreases on Petrol And Diesel

17 January 2013

BP Leads Price Decreases on Petrol And Diesel


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

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

'Irregular Accounting': Voluntary Suspension Of Fuji Xerox Govt Contracting

This suspension gives the Ministry of Business, Innovation, and Employment time to understand the full implications of the report from FUJIFILM Holdings into irregular accounting practices at FXNZ. More>>

ALSO:

MPI: Cow Disease Detected In NZ For First Time

MPI is responding to the detection of the cattle disease Mycoplasma bovis in a dairy herd in South Canterbury... The disease is commonly found in cattle globally, including in Australia, but it’s the first detection of it in New Zealand. More>>

South Island Flooding: Focus Moves To Recovery

As water recedes throughout flood-impacted areas of the South Island, Minister of Civil Defence Nathan Guy has praised the efforts of those who were involved in the response to the flooding... More>>

ALSO:

Superu Report: Land Regulation Drives Auckland House Prices

Land use regulation is responsible for up to 56 per cent of the cost of an average house in Auckland according to a new research report quantifying the impact of land use regulations, Finance Minister Steven Joyce says. More>>

ALSO:

Fund For PPP Plans: Govt Embraces Targeted Rates To Spur Urban Infrastructure

The government's latest response to the Auckland housing shortage will see central government and private sector firms invest in 'special purpose vehicles' to fund essential roading, water and drains that Auckland Council can't fund without threatening its credit rating. More>>

ALSO: