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

 

BP Reduces Fuel Prices Again


NEWS RELEASE
BP NEW ZEALAND

Jane diver
diverj@az1.bp.com
www.bp.co.nz

BP REDUCES

FUEL PRICES AGAIN


BP has dropped the price of petrol and diesel by 1 cent a litre across New Zealand - the second nation-wide decrease in a week.

The decrease, which took place early this evening (10 November) lowers prices at most BP service stations in the main centres to $1.14.9 for Unleaded 91, $1.19.9 for Premium Unleaded and 85.9cents for Diesel.

Prices across Auckland are currently four cents a litre less than other centres due to fierce competition that has flared up over the past fortnight.

BP’s Managing Director Peter Griffiths said today’s decrease goes against the latest trends in the international fuel markets. World fuel prices have not moved since BP’s last price drop a week ago (3 November) when a barrel of petrol cost NZ$79 and a barrel of diesel $NZ84.

Mr Griffiths said motorists were currently reaping the benefits of a competitive battle between the oil companies.

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>>