13 Jun 2012

Fuel prices drop again

3:08 pm on 13 June 2012

All four petrol companies in New Zealand have now dropped the price by 10 cents a litre since the beginning of last week.

In the latest of three cuts since then, the price of 91 and 95 unleaded petrol on Wednesday fell by 3 cents a litre and the price of diesel by 2 cents a litre.

BP, Z Energy, Mobil and Caltex all now have 91 unleaded petrol at $2.059 cents a litre.

BP and Z Energy are selling 95 unleaded at $2.139 cents a litre, with Mobil and Caltex cutting it by a further cent to $2.129 cents a litre.

The price of diesel has also dropped across all four companies, with Caltex the cheapest at $1.439 cents a litre.

BP diesel now costs $1.459 cents a litre, while at Z-Energy the cost is now $1.449 cents a litre.

Mobil Oil has the most expensive price at $1.549 cents a litre

BP spokesperson Jonty Mills says the strengthened New Zealand dollar and a sustained downward trending of international prices are driving the cost of petrol down.