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

 

Auckland Transport: Government, Council Agree On Funding Approach

The government and Auckland Council have reached a detente over transport funding, establishing a one-year, collaborative timetable for decisions on funding for the city's transport infrastructure growth in the next 30 years after the government refused to fund the $2 billion of short and medium-term plans outlined in Auckland's draft Unitary Plan. More>>

ALSO:

Bullish On China Shock: Slumping Equities, Commodities May Continue, But Not A GFC

The biggest selloff in stock markets in at least four years, slumping commodity prices and a surge in Wall Street's fear gauge don't mean the world economy is heading for another global financial crisis, fund managers say. More>>

ALSO:

Real Estate: Investors Driving Up Auckland Housing Risk - RBNZ

The growing presence of investors in Auckland's property market is increasing the risks, and is likely to both amplify the housing cycle and worsen the potential damage from a downturn both to the financial system and the broader economy, said Reserve Bank deputy governor Grant Spencer. More>>

ALSO:

Annual Record: Overseas Visitors Hit 3 Million Milestone

Visitor arrivals to New Zealand surpassed 3 million for the first time in the July 2015 year, Statistics New Zealand said today. The record-breaking 3,002,982 visitors this year was 7 percent higher than the July 2014 year. More>>

ALSO:

The Future: Thirty Year Infrastructure Plan Released

The Thirty Year New Zealand Infrastructure Plan 2015 sets out New Zealand’s response to the infrastructure challenges we will face over the next three decades, Finance Minister Bill English says. More>>

ALSO:

Shopping: Online GST Discussion Document

GST: Cross-border services, intangibles and goods contains proposals to require overseas suppliers to register and return GST when they sell services (including online products such as e-books, music and videos) to New Zealand consumers. It also outlines the way forward for improving the collection of GST on all goods, including low-value imported goods. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news