Video | Business Headlines | Internet | Science | Scientific Ethics | Technology | Search


AA Petrol Watch – April 2004

4 May 2004

AA Petrol Watch – April 2004

AA Petrol Watch observed there were pronounced changes in fuel prices at the pump during the month of April, despite relative stability in the exchange rate and the international price for oil.

The weekly nation-wide average price for 91 Octane fuel varied between 113.5 and 114.5 cents per litre throughout the month. However, there were pronounced short term changes in price, with the pump price of 91 Octane varying by as much as 6 cents per litre over a 24 hour period at some outlets, with increases ranging from 111.9 to 117.9 cents per litre.

The weekly importer margin for petrol varied between 13.5 and 14.5 cents per litre.

The price of diesel also varied considerably, with the retail price varying across main centres from 63.9 to 69.9 cents per litre.

The Association today questioned such rapid changes in fuel prices, when overnight the pump price increased by up to 6 cents per litre.

“Such dramatic change in prices, with the price of fuel varying so markedly in one day is making motorists increasingly cynical about the reasons for such changes, and the justification and validity of the pricing methods used” George Fairbairn, AA Director of Public Affairs said today.

The Association notes that the pump price of 117.9 cents per litre for 91 Octane which appeared at many outlets on Monday this week is the highest price since May 2001, and at a time when the exchange rate was much more favourable than it had been in 2001.

The Association’s concern at a lack of advice being given to motorists of the pump price for 96 Octane petrol remains, with many outlets only displaying the 91 Octane price.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Employment:Slow Track For Most Contentious Labour Law

The government will announce a timetable for legislating a range of long-signalled labour law changes but is placing its intention to introduce new Fair Pay Agreement legislation on a slower track to allow consultation with both employers and trade unions. More>>


NZ's Space Programme: Rocket Lab's Successful Launch

Science Media Centre: Rocket Lab successfully launched its Electron rocket and deployed satellites into orbit Sunday afternoon, a milestone for the company and New Zealand's fledgling private space industry. More>>


BusinessDesk: Body massages and Uber are in, DVDs are out, says Stats NZ

Statistics New Zealand has rejigged the consumers price index basket in its latest three-year review, adding body massages, Airbnb and Uber and removing DVD and Blu-Ray players…More>>


StuffMe: Commerce Commission Welcomes Dismissal Of Merger Appeal

In a summary of their judgment released today, Justice Dobson and lay member Professor Martin Richardson dismissed the appellants’ process criticisms and found the Commission was entitled to place significant weight on the prospect of reduced quality of the products produced by the merged entity. More>>


Digital Futures: New Chief Technology Officer Role Created

Communications Minister Clare Curran has called for expressions of interest for the new role of Chief Technology Officer position to help drive a forward-looking digital agenda for New Zealand. More>>

Real Estate: NZ house sales slump in December but prices still firm

The number of property sales across New Zealand slumped 10 percent in December from a year earlier but prices continued to lift, according to the Real Estate Institute. More >>