Motorists will face petrol price rises tomorrow, with a three
cents a litre government tax increase, although one oil
company says it will not pass on the full amount immediately.
Petrol prices around the country
could be on the rise again as the cushioning effect from the
strong New Zealand dollar evaporates with its weakening.
Petrol prices are heading down towards the $2 mark with BP
announcing a 3c price cut today as international oil prices
Petrol prices have jumped 11 cents and are now just 2 cents
shy of the highest price ever recorded, latest figures show.
New Zealand petrol prices fell yesterday as world oil prices
reached a four-month high, suggesting that relief for
motorists will be short-lived.
The Government's scheme to increase petrol tax and road user
charges will hit consumers hard in these tough economic
times, the National Association of Retail Grocers says.
Global crude oil prices may have slumped this week but a
recent 4c a litre increase in the cost of refined petrol was
yesterday passed on by Z Energy.
Petrol prices are at their lowest levels in three months.
Motorists are feeling the pinch from record high prices at
the petrol pump, with the cost of 91-octane fuel at stations
surveyed in Otago ranging from 219c to 229.9c per litre.
Outram may seem like an unlikely spot to find the cheapest
petrol in the Dunedin area, but the owner of Outram Garage
Ltd believes he probably offers the lowest prices in town.
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