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.

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