Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Shell Drops Prices By Another Two Cents

SHELL DROPS PETROL PRICES BY ANOTHER TWO CENTS

Shell New Zealand is leading a two cent decrease in petrol prices with immediate effect.

Shell says as stocks of petrol in the Northern Hemisphere have improved, finished product prices have fallen. This has allowed Shell to again pass on instant benefits to customers.

Shell Retail Manager, Steve Foster, says Shell is conscious of the impact that high fuel prices are having on the economy, and therefore wants to bring prices down as soon as possible.

“Shell is committed to bringing prices down whenever an opportunity arises, and no matter how shortlived this might be in this incredibly volatile market.”

Diesel remains unaffected by the latest move, reflecting continued pressure on heating oil stocks.

This is due to the buoyant economy in the United States which is sapping all available diesel supplies, and the increased pressure on heating oils as the Northern hemisphere moves in to winter.”

Mr Foster says Shell will continue to reduce prices whenever it sees a gap in international oil markets.

Ends

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 


Stats: Auckland’s Population Falls For The First Time
In the wake of the COVID-19 pandemic, New Zealand’s population growth slowed down with Auckland recording a population decline for the first time ever, Stats NZ said today. “New Zealand saw slowing population growth in all regions... More>>



BusinessNZ: Third Snapshot Report Reveals $9.5 Billion Business Investment In Climate Action

Signatories to the Climate Leaders Coalition have committed to invest $9.5 billion over the next five years to reduce emissions from their businesses, as revealed in their third anniversary snapshot report released today... More>>

Digitl: The home printer market is broken
Printers are more of a security blanket that a serious aid to productivity. Yet for many people they are not optional.
Even if you don’t feel the urge to squirt ink onto dead trees in order to express yourself, others will insist on printed documents... More>>


Retail NZ: Some Good News In COVID Announcements, But Firm Dates Needed

Retail NZ is welcoming news that the Government is increasing financial support for businesses in light of the ongoing COVID-19 lockdown, and that retail will be able to open at all stages of the new “Covid Protection Framework... More>>

ComCom: Companies In Hot Water For Selling Unsafe Hot Water Bottles And Toys

A wholesaler and a retailer have been fined a total of $140,000 under the Fair Trading Act for selling hot water bottles and toys that did not comply with mandatory safety requirements. Paramount Merchandise Company Limited (Paramount) was fined $104,000 after pleading guilty in the Manukau District Court... More>>



Reserve Bank: Robust Balance Sheets Yield Faster Economic Recovery

Stronger balance sheets for households, businesses, financial institutions and the government going into the pandemic contributed towards maintaining a sound financial system and yielding a faster economic recovery than following previous deep recessions... More>>