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

 


Fuel prices down and up



Media Release: 1 February 2013

PetrolWatch – January 2013

Fuel prices down and up

Petrol prices rose slightly during January, ending the month 1 cent higher than at the start. The price of 91 octane petrol began the new year on $2.13 per litre, before falling 3 cents during the month and then rising 4 cents on January 31 to end the month on $2.14 per litre in the main centres.

The price of diesel fell 4 cents per litre during January, to end on $1.50 per litre at most service stations.

“Although there was an unwelcome increase in fuel prices in late December, fuel prices have been largely unchanged during the busy holiday driving period,” said AA PetrolWatch spokesperson Mark Stockdale.

“International commodity prices usually rise at this time of year due to heating fuel demand in the Northern Hemisphere winter, and during January oil prices rose US$5 a barrel to a 3-month high. The last time oil prices were this high, we were paying $2.18 a litre for 91 petrol, but the high exchange rate is helping offset those higher commodity prices.

“This time last year we were paying almost exactly the same price for fuel, so despite the ups and downs during the last year, fuel prices have remained relatively stable,” Mr Stockdale added.

• For more information, go to: www.aa.co.nz/petrolwatch

Ends

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Housing: Affordability Drops 14%, Driven By Auckland Prices

Housing affordability across New Zealand fell 14 percent in the year ending November 2014, with Auckland’s lack of affordability set to reach levels it hit during the height of the global financial crisis, according to the latest Massey University Home Affordability Report More>>

ALSO:

The Dry: Fonterra Drops Forecast Milk Volumes By 3.3 Percent

Fonterra Cooperative Group, the worlds largest dairy exporter, reduced its milk volume forecast for the 2014-2015 season by 3.3 per cent due to the impact of dry weather on production in recent weeks. More>>

ALSO:

Strike: Lyttelton Port Workers Vote To Escalate Dispute

Members of the Rail and Maritime Transport Union (RMTU) at Lyttelton Port today voted to escalate their industrial action. Around 200 RMTU members have been operating an overtime ban since 17 December and today they endorsed a series of full withdrawals of labour at the port. More>>

ALSO:

Scoop Business: NZ Dollar Falls To 3-Year Low As Investors Favour Greenback

The New Zealand dollar fell to its lowest in more than three years as investors sold euro and bought US dollars, weakening other currencies against the greenback. More>>

ALSO:

Scoop Business: NZ Govt Operating Deficit Smaller Than Expected

The New Zealand’s government’s operating deficit was smaller than expected in the first five months of the financial year as a clampdown on expenditure managed to offset a shortfall in the tax-take from last month’s forecast. More>>

ALSO:

0.8 Percent Annually:
NZ Inflation Falls Below RBNZ's Target

New Zealand's annual pace of inflation slowed to below the Reserve Bank's target band in the final three months of the year, giving governor Graeme Wheeler more room to keep the benchmark interest rate lower for longer.More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

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