Scoop has an Ethical Paywall
Work smarter with a Pro licence Learn More

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

 

BP drops fuel prices again

News Release
4 October 2001


BP drops fuel prices again

BP has dropped its petrol and diesel prices by three cents a litre in the wake of lower international crude oil prices.

The wholesale decrease moves prices at most BP owned service stations in the main cities to $1.03.9 per litre for Unleaded 91 petrol, $1.08.9 for Premium Unleaded, and 75.9 for a litre of diesel.

It is the second price drop in just over a week, and takes BP’s prices back to where they were two months ago.

BP Managing Director Peter Griffiths said BP wanted to quickly pass on to customers the benefits of lower crude oil costs and a stronger New Zealand dollar.

“OPEC is sitting firm on its current production levels to help allay fears over oil supply, but it is anybody’s guess as to how much longer they will keep producing at this level.”

OPEC accounts for about 40% of the world’s oil production. Other major factors influencing pump prices in New Zealand are refined petrol and diesel prices, the exchange rate and shipping and freight costs.

Crude oil prices dropped after the terrorist attacks on the US slowed global economic growth.

- ends -

BP’s media releases can be found at www.bp.co.nz

Advertisement - scroll to continue reading

Are you getting our free newsletter?

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.

© Scoop Media

Advertisement - scroll to continue reading
 
 
 
Business Headlines | Sci-Tech Headlines

 
GenPro: General Practices Begin Issuing Clause 14 Notices

GenPro has been copied into a rising number of Clause 14 notices issued since the NZNO lodged its Primary Practice Pay Equity Claim against General Practice employers in December 2023.More

SPADA: Screen Industry Unites For Streaming Platform Regulation & Intellectual Property Protections

In an unprecedented international collaboration, representatives of screen producing organisations from around the world have released a joint statement.More

 
 
 
 
 
 
 
 
 
 
 
 

Join Our Free Newsletter

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.