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

 


BP Leads Further Price Reduction at the Pumps

BP Leads Further Price Reduction at the Pumps

BP has this morning led a further national price reduction on petrol and diesel at its company owned sites. BP has decreased the price of petrol and diesel by 2 cents per litre, bringing the price at most BP owned service stations to:

91 Unleaded: $ 221.9 cents per litre
95 Unleaded: $ 230.9 cents per litre
Ultimate 98: $ 238.9 cents per litre
Ultimate Diesel: $ 148.9 cents per litre

“There has been a fair amount of volatility in international product prices recently, with tension in the Middle East driving them up initially,” BP Communications Manager, Jonty Mills said.

“Some of these tensions have eased and the market has reacted accordingly. It’s about the market response to the drivers of supply and demand and although still unpredictable, over the last week or so we have seen decreases in international product prices,” he added

“At the same time, the NZ dollar has continued to strengthen so these combined factors have enabled us to pass on another reduction at the pumps. We’re pleased to be able to pass these benefits on as quickly as possible,” Mills said.

“We don’t know what shape the market will take going forward and there is still a degree of uncertainty but it’s great that we can pass these benefits through to motorists quickly at the moment,” he concluded.

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Half Full: Dairy Payouts Steady, Cash Will Be Tight

Industry body DairyNZ is advising farmers to focus on strong cashflow management as they look ahead to the 2015-16 season following Fonterra's half-year results announcement today. More>>

ALSO:

First Union: Cotton On Plans To Use “Tea Break” Law

“The Prime Minister reassured New Zealanders that ‘post the passing of this law, will you all of a sudden find thousands of workers who are denied having a tea break? The answer is absolutely not’... Cotton On is proposing to remove tea and meal breaks for workers in its safety sensitive distribution centre. How long before other major chains try and follow suit?” More>>

ALSO:

Scoop Business: NZ-Korea FTA Signed Amid Spying, Lost Sovereignty Claims

A long-awaited free trade agreement between New Zealand and South Korea has been signed in Seoul by Prime Minister John Key and the Korean president, Park Geun-hye. More>>

ALSO:

PM Visit: NZ And Viet Nam Agree Ambitious Trade Target

New Zealand and Viet Nam have agreed an ambitious target of doubling two-way goods and service trade to around $2.2 billion by 2020, Prime Minister John Key has announced. More>>

ALSO:

Scoop Business: NZ Economy Grows 0.8% In Fourth Quarter

The New Zealand economy expanded in the fourth quarter as tourists drove growth in retailing and accommodation, and property sales increased demand for real estate services. More>>

ALSO:

Scoop Business: RBNZ’s Wheeler Keeps OCR On Hold, No Rate Hikes Ahead

The Reserve Bank has removed the prospect of future interest rate hikes from its forecast horizon as a strong kiwi dollar and cheap oil hold down inflation, and the central bank ponders whether to lower its assessment of where “neutral” interest rates should be. The kiwi dollar gained. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news