Scoop has an Ethical Paywall
Work smarter with a Pro licence Learn More

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

 

AA says diesel prices too high

PetrolWatch – May 2014


Fuel prices down and then up, but AA says diesel prices too high

Petrol and diesel prices increased during May, but the AA says retailers should be cutting diesel prices, not raising them.

After fuel prices rose slightly during April, they fell 2-3 cents per litre in early May, before increasing 4 cents per litre later in the month. Overall, after beginning the month on $2.18 per litre, petrol prices ended the month on $2.19 per litre at most brands, while diesel prices ended the month 2 cents per litre higher at $1.51 per litre at most service stations.

“The increase in pump prices follows small rises in international commodity prices for petrol, and a 1 cent fall in the New Zealand dollar during May.

“But despite this, the cost of importing diesel has not risen at all during the month, unlike petrol,” says AA PetrolWatch spokesperson Mark Stockdale.

“The AA’s monitoring shows the importer margin on diesel prices – the difference between retail prices and costs – is now 5 cents per litre higher than on petrol. In our view, retail diesel prices should not have increased at all, and fuel companies need to be cutting diesel prices now,” Mr Stockdale says.

According to AA PetrolWatch, the last time commodity prices were this high motorists were paying $2.18 per litre for 91 octane and $1.50 per litre for diesel, and the exchange rate was worth the same as it is now.

• For more information, go to: www.aa.co.nz/petrolwatch

Ends

Advertisement - scroll to continue reading

Are you getting our free newsletter?

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.

© Scoop Media

Advertisement - scroll to continue reading
 
 
 
Business Headlines | Sci-Tech Headlines

 
GenPro: General Practices Begin Issuing Clause 14 Notices

GenPro has been copied into a rising number of Clause 14 notices issued since the NZNO lodged its Primary Practice Pay Equity Claim against General Practice employers in December 2023.More

SPADA: Screen Industry Unites For Streaming Platform Regulation & Intellectual Property Protections

In an unprecedented international collaboration, representatives of screen producing organisations from around the world have released a joint statement.More

 
 
 
 
 
 
 
 
 
 
 
 

Join Our Free Newsletter

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.