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Shell leads fuel prices down.……AGAIN!

SHELL NEW ZEALAND

7 November 2001
MEDIA STATEMENT


Shell leads fuel prices down.……AGAIN!
Both petrol grades now under a dollar

Shell today dropped the price of both grades of petrol, and diesel by up to three cents a litre. This brings the prices of 91 grade petrol down to 94.9 cents per litre, 96 grade petrol down to 99.9 cents per litre and the price of diesel down to 66.9 cents per litre, in most urban areas. This means that both grades of petrol are now under a dollar for the first time since January 2000.

Shell Retail Manager Bruce Emson said the price reductions reflected current market conditions.

“Shell is determined to bring our customers the lowest possible fuel prices. We are again taking the lead in bringing prices down, as a result of market conditions, including lower crude oil prices, the state of the New Zealand dollar, and overall pressures in the New Zealand market place.

“Shell is pleased that once again we have lead the way down – this is the 20th time since December last year that Shell has taken a pricing reduction initiative. We intend to continue to ensure that we deliver the lowest possible prices to our customers,” Mr Emson said.

Shell said that the price reduction would not apply in areas where aggressive pricing has already seen prices fall by as much or more than the 3 cents a litre reduction announced today.

ENDS

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