Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Diesel down, petrol up

Media Release: 2 February 2012

PetrolWatch – January 2012

Diesel down, petrol up

Fuel prices gave with one hand but took away with the other during January.

In a long overdue reduction, diesel pump prices fell 8 cents during the month to $1.50 per litre at most outlets. However, petrol prices rose 5 cents at the same time, to end the month on $2.12 per litre for 91 octane in the main centres.

It was the first increase in petrol prices in four months, and the first petrol price change since early November.

“This is not the first time diesel and petrol prices have moved in opposite directions, and reflects the different influences on international commodity prices,” says AA PetrolWatch spokesperson Mark Stockdale.

“Oil and refined fuel commodity prices rose in early January due to political tensions over the Strait of Hormuz, and while refined fuel prices have since dropped back a little oil remains high. The New Zealand exchange rate has been the motorists’ friend over this period, with a 4 cent rise since the 10 January petrol price increase helping to reduce the imported cost of fuel

“The 8 cent per litre drop in diesel prices was overdue because retail prices have been above average for some time and the AA had been calling for diesel prices to drop since December.

“Just as the high kiwi dollar has reduced import costs, hopefully motorists won’t have to wait as long for a drop in the pump price of petrol and it’d be great to see fuel companies pass on the current savings just in time for the long weekend.”

• For more information, go to:


© Scoop Media

Business Headlines | Sci-Tech Headlines


Climate Leaders Coalition: Launches New Statement Of Ambition, Appoints New CEO Convenor

The Climate Leaders Coalition is tonight officially launching a new Statement of Ambition to accelerate business action on climate change... More>>

Retail: New Law Paves Way For Greater Supermarket Competition

Legislation that bans major supermarkets from blocking their competitors’ access to land to set up new stores paves the way for greater competition in the sector, Minister of Commerce and Consumer Affairs Dr David Clark said... More>>

International Business Forum: NZ EU FTA Coming Down To The Wire – Hold The Line

As negotiations accelerate to conclude an ambitious free trade agreement between New Zealand and the European Union, the NZ International Business Forum (NZIBF), representing a cross section of major exporters... More>>

MYOB: New Data Shows Increase In SMEs Experiencing Stress And Anxiety

The lingering impacts of the COVID-19 pandemic have led to a surge in the number of local SME owners and operators experiencing stress and anxiety, according to new research from business management platform, MYOB... More>>

Carbonz: Cashing In On Carbon: The New Marketplace Helping Native Forest To Thrive

The country’s first voluntary carbon credit marketplace, Carbonz, is here to restore native biodiversity and help Aotearoa reach its carbon zero goals by selling the first carbon credits exclusively from native forest... More>>
Entrust District: Dividend Will Be Welcomed After Another Tough Year
We’ve all heard of the saying; “if it sounds too good to be true, it probably is” but for Aucklanders within the Entrust District, getting their share of Entrust’s 2022 annual dividend payment really is as good as it sounds... More>>