Gull Puts Lowest Petrol Price Dispute Beyond Doubt

NEWS RELEASE
7 November 2001

Gull Puts Lowest Petrol Price Dispute Beyond Doubt

Gull Petroleum says Shell's new petrol prices are by no means the cheapest in the market.

Gull spokesman Ulrik Olsen says his company's prices were already equal to or lower than Shell's newly reduced levels but, to ensure there is no further dispute, Gull have dropped theirs even further.

Gull is now selling 91 octane petrol for 93.9c a litre, 96 for 98.9c and diesel for 63.9c. These are maximum prices for the Gull chain with some stations' prices pitched even lower.

"Gull customers have known for some time that they've been enjoying the cheapest prices in the country. Now it's time for the rest of New Zealand to find out. We've dropped our prices five times over the past two weeks to maintain that position," Mr Olsen said.

The price of crude oil is now the cheapest for some time and Gull's policy was to pass the savings on to the motoring public as quickly as possible, he said.

Gull Petroleum has 24 stations in New Zealand from Whangarei to Masterton.

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