BP Drops Prices Again

30 April 2003
News Release

BP Drops Prices Again

BP has today dropped the price of petrol and diesel by two cents a litre due to lower crude prices after OPEC agreed to raise target production levels.

BP’s prices are now the lowest they have been since January last year. BP has brought motorists a decrease at the pump of 18 cents in the last two months.

BP’s customers have also enjoyed additional cost savings through the recent discount coupon promotion over the Easter and Anzac period.

BP Managing Director Peter Griffiths said “BP will keep passing on the benefits of lower crude prices to motorists as quickly as possible.”

Petrol prices at most BP owned service stations have dropped to 97.9 cents per litre for Unleaded 91, $1.029 for Premium Unleaded and 57.9 cents for diesel.

Regions already enjoying discount pricing may see a smaller decrease or no change at the pump.

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Notes:
There are 250 independently-owned BP service stations in New Zealand.
They buy their fuel off BP at a wholesale price and by law must set their
own pump prices.

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