Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search

 

AA Petrol Watch – July 2005

AA PETROL WATCH – July 2005

AA Petrolwatch for July shows a record level for petrol at main centres of 137.9 cents per litre (91 octane) at the end of the month. There was little doubt during the month that an all time high would be reached, as the world oil price continued to hover above $US60 barrel, and the NZ exchange rate was more volatile than in earlier months, when it had remained above 70c to the US dollar.

Average pump prices across the country have continued to remain constant in line with the upward price movement of 6cents per litre during July, to reach the present average across the country of 138.7 cents at month end. At the same time the margins have remained constant, reflecting the extent of competition that prevails within the oil industry.

With the pump price at a record high, the impact on a motorists’ budget is now very relevant, particularly when the amount of GST (15.4 cents) on every litre is taken into account. While other taxes and levies on fuel remain constant as the pump price rises, the GST factor continues to climb regardless. On every litre of petrol there are taxes and levies including GST of 63 cents, of which only 22.49c goes to the National Land Transport Fund.

A similar message to that given in previous months still applies – there is no certainty that pump prices will decline in the short term, and motorists should therefore keep their tanks full to avoid being caught with an empty tank should a further increase occur.

A reminder also to motorists to check on the pump price when filling up, as at some locations not all prices will be displayed on the advertising boards outside the site.

Motorists can also achieve more economical motoring by following some straight-forward measures – servicing the car regularly will achieve engine efficiency and reduce fuel consumption; ensure tyres are at the recommended pressure; drive according to the road conditions and the speed limit; avoid unnecessary hard acceleration; where practical combine errands into one journey instead of several on the same day.

ENDS

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Veronika Meduna: The Kaikoura Rebuild

A Scoop Foundation Investigation

Friday will be a big day for people north of Kaikōura – and for hundreds of construction workers who are racing to reopen State Highway 1 in time for the holiday season.

By the afternoon, the South Island’s main transport corridor will be open to traffic again, more than a year after a magnitude 7.8 earthquake mangled bridges and tunnels, twisted rail tracks and buried sections of the road under massive landslides. More>>

 

BPS HYEFU WYSIWYG: Labour's Budget Plans, Families Package

“Today we are announcing the full details of the Government’s Families Package. This is paid for by rejecting National’s tax cuts and instead targeting spending at those who need it most. It will lift 88,000 children out of poverty by 2021." More>>

ALSO:

Gordon Campbell: On Defence Spending, Alabama, And Dolly Parton

The spending lavished on Defence projects to meet the risks that could maybe, possibly, theoretically face New Zealand in future is breath-taking, given how successive governments have been reluctant to spend even a fraction of those amounts on the nation’s actual social needs. More>>

ALSO:

Members' Bills: End Of Life Choice Bill Passes First Reading

The End of Life Choice Bill in the name of David Seymour has been sent to a select committee for consideration by 76 votes to 44. It is the third time Parliament has voted on the issue in recent decades and the first time such a Bill has made it over the first hurdle. More>>

ALSO:

State Sector: MPI Survives Defrag Of Portfolios

The Ministry for Primary Industries will not be split under the new government, but will instead serve as an overarching body for four portfolio-based entities focused on fisheries, forestry, biosecurity and food safety. More>>

ALSO:

Gordon Campbell: On Vulnerable Kids, RNZ Funding, And Poppy

The decision to remove the word ‘vulnerable’ from the Ministry for Vulnerable Children could well mark a whole shift in approach to the care of children in need... More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages