Petrol Price Falls at BP

30 April 2009
News Release

Petrol Price Falls at BP

The price of petrol fell today with BP decreasing the price by 5 cents per litre.

BP Managing Director Peter Griffiths says BP is pleased to be able to pass on another decrease at the pump.

``The decrease is due to decreases in the international price of refined petrol.’’

``BP monitors these costs daily and is committed to passing on the benefits of lower product prices to motorists as quickly as possible.’’

Pump prices in New Zealand are determined by the international price of refined petrol and diesel (purchased in US dollars), the US/NZ exchange rate, taxes and levies, international shipping costs and local operational costs.

Prices at most BP owned service stations have dropped to 153.9 cents per litre for Unleaded 91, there is no change to diesel.

Notes:
There are over 100 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.

ENDS

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