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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

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