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

 

Gull Effect Wings Its Way To The Bay

Gull Effect Wings Its Way To The Bay

The ‘Gull Effect’ has landed in the heart of Kiwifruit country, delivering lower fuel prices to motorists in the area.

Gull, the independent, family owned energy company, opened its newest site at 269 Jellicoe Street, Te Puke last week, the first of two new Gull openings set to take place around the country in the coming fortnight.

Renowned for keeping competitors honest and prices low, Gull believes the opening has already brought the ‘Gull Effect’, a localised price drop trend across competitors following Gull’s introduction into a new location, to town.

“Motorists in Te Puke have previously been limited in their choice of fuel supplier which can be reflected in higher petrol costs. However, in the week we have been operating in Te Puke, we have already seen the ‘Gull Effect’ in action,” says Karl Mischewski, Retail Development and Sustainability Manager at Gull.

“The prices at pumps across town decreased within hours in reaction to the opening of Gull Te Puke, prompted by our own competitive pricing strategy. We believe all Kiwi motorists should have access to more affordable fuel and are delighted that locals already benefiting from cheaper fuel prices in the area.”

On opening, the price for Regular 91 at Gull Te Puke was $1.829 per litre, an average 17 cents per litre lower than competitor’s national retail price of fuel.

Gull Te Puke, the 66th Gull site in New Zealand, is an unmanned, drive-through site and provides Regular 91, Low Sulphur Diesel and Gull Force 10 (98 Octane) on four dispensers.

ENDS

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Reserve Bank: Policy Lessons From A Year Of Covid-19

The Reserve Bank of New Zealand – Te Pūtea Matua was in a sound position to continue to meet its mandate in the face of the COVID-19 induced economic shock. However, we must continue to transform so as to remain relevant and effective in addressing longer-term challenges, Reserve Bank Governor Adrian Orr said... More>>


Transport Industry Association: Feb 2021 New Vehicle Registrations Strongest On Record

Motor Industry Association Chief Executive David Crawford says that the February 2021 figures are the strongest for the month of February ever. Registrations of 12,358 were 8.0% up on February 2020. Year to date the market is up 7.1% (1,735 units) compared to the first two months of 2020... More>>

Paymark: Lockdown Equals Slowdown For Some

The three days of lockdown for Auckland earlier this month made a clear impression on our retail spending figures. While only Auckland moved into Level 3 lockdown, the impact was felt across the country, albeit at different levels. Looking at the ... More>>

Infrastructure Commission: Te Waihanga Releases Report On Water Infrastructure

The New Zealand Infrastructure Commission, Te Waihanga’s latest discussion document highlights the importance of current reforms in the water sector. Its State of Play discussion document about water infrastructure is one of a series looking at the ... More>>


OECD: Annual Inflation Picks Up To 1.5% In January 2021 While Euro Area Records Sharp Increase To 0.9%

Annual inflation in the OECD area picked up to 1.5% in January 2021, compared with 1.2% in December 2020. Following a rebound between December and January, the annual decline in energy prices was less pronounced in January (minus 3.9%) than in December... More>>


Hemp Industries Association: Could The Next Team NZ Boat Be Made Entirely Of Hemp?

With The America’s Cup due to start in a few days’ time, innovators from a very different sphere have been wondering how long it could be before New Zealand could be competing in a boat entirely built from hemp, with the crew eating high-energy, nutritious hemp-infused foods and wearing high-performance hemp kit..? More>>


ACT: Matariki Almost A Half Billion Dollar Tax On Business

“Official advice to the Government says an extra public holiday at Matariki could cost almost $450 million,” ACT Leader David Seymour can reveal. “This is a perfect example of the Prime Minister doing what’s popular versus what’s responsible. ... More>>

Genesis: Assessing 6,000 GWh Of Renewable Generation Options For Development By 2025

Genesis is assessing 6,000 GWh of renewable generation options for development after starting a closed RFP process with 11 partners. Those invited to participate offer a range of technologies as Genesis continues to execute its Future-gen strategy to ... More>>