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Gull Commits to Holding Current Prices

MEDIA RELEASE
FOR IMMEDIATE RELEASE

Gull Commits to Holding Current Prices

Auckland, 30th August 2011 – Gull announced today that it has committed to hold its current price levels until at least Thursday morning.

Graham Stirk, Gull Retail Manager noted that movement in the refined barrel price and the Kiwi dollar may have contributed towards competing service stations raising the retail price.

“While margins are under pressure, Gull remains committed to providing the best value for money to Kiwi motorists and we do not see the need for a knee jerk response at this stage” says Stirk.

“In addition, Gull’s unmanned sites continue to offer outstanding value for money”

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

Unmanned Site Manned Site
Gull Regular Plus 91 (ethanol blend) $1.989 $1.999
Gull Regular 91 $1.999 $2.019
Gull Force 10 (98 octane ethanol blend) $2.119 $1.429
Gull Diesel Max (biodiesel blend) $1.389 $1.419
Gull Low Sulphur Diesel $1.399 $1.429

ENDS

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