12 March 2009
News Release

Pump Price Falls at BP

The price of petrol and diesel fell today with BP decreasing the price of petrol by 5 cents per litre and diesel by 2 cents per litre.

BP Managing Director Peter Griffiths says BP is pleased to be able to pass on another decrease at the pump.

“The decrease is due to decreases in the international price of refined petrol and diesel.”

“BP monitors these costs daily and is committed to passing on the benefits of lower product prices to motorists as quickly as possible.”

Pump prices in New Zealand are determined by the international price of refined petrol and diesel (purchased in US dollars), the US/NZ exchange rate, taxes and levies, international shipping costs and local operational costs.

Prices at most BP owned service stations have dropped to 158.9 cents per litre for Unleaded 91 and 98.9 cents per litre for diesel.

ENDS

Notes:
There are over 100 independently-owned BP service stations in New Zealand.
They buy their fuel off BP at a wholesale price and by law must set their
own pump prices.