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BP takes petrol under $2 nationally for first time in years

5th December 2014

BP takes petrol under $2.00 nationally for the first time in two and a half years

BP has led the tenth consecutive price reduction since early October at the pumps this morning, taking 91 unleaded petrol under $2.00 per litre across the country at its company owned sites. BP has decreased all grades of petrol by 3 cents per litre and diesel by 2 cents per litres, bringing the price at most BP owned service stations to:

91 Unleaded: $ 199.9 cents per litre
Ultimate Diesel: $ 132.9 cents per litre

“This is the first time for two and a half years that petrol has been under $2.00 per litre nationally and we’re thrilled to be able to offer this to all our customers across the country,” BP Communications Manager, Jonty Mills said.

“We acknowledge that in some highly competitive hotspots, it has been under $2.00 for some time but we are a national player and this is a national reduction,” Mills said.

“The continued downward trend in the cost of product on the international market continues. It’s a simple case of supply outweighing demand. The OPEC group also recently decided against cutting production which has helped drive the oil price down further,” he added.

“The exchange rate has been fairly constant so hasn’t had a major impact either way on this occasion,” Mills said.

“It’s great news leading into the festive season and we’re pleased to be the first to bring the price below $2.00 across the country. We’ve passed on these benefits as quickly as possible and now the whole country can enjoy cheaper fuel,” Mills concluded.

ENDS

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