Gull Holds Fuel Prices

Gull Holds Fuel Prices

Auckland, 6 August 2009 – Gull has this afternoon committed to holding their fuel prices for at least the weekend. This is in contrast to today’s increase by several of the oil giants.

David Bodger, Gull General Manager, says that while the refined barrel and exchange rates are both volatile this does not equate to a price increase.

Bodger further notes the irony of this latest move coming shortly after the AA said that the New Zealand market had not been adversely affected by the recent introduction of the Emissions Trading Scheme.

“No sooner had the AA announcement been made that the price increased to levels above those seen prior to the ETS,” says Bodger.

“Increasing prices on a Friday afternoon also goes against Gull’s philosophy of value to the motorist. This is the time that most Kiwi motorists are filling their vehicles for the weekend, and increasing prices at this time takes advantage of a captive market.”

Bodger concludes, “We’ll look at our margins again on Monday morning, but because it’s a Monday, we’ll be in no rush to do so.”

At the majority of Gull outlets where Gull controls retail prices, prices are as follows:

Gull Regular Plus (91 Octane) $1.739
Gull Regular (91 Octane) $1.759
Gull Force 10 (98 Octane) $1.879
Gull Low Sulphur Diesel $1.179

Gull’s increasing network of unmanned sites will offer a further discount on these prices

ENDS

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