Petrol prices come down 5c

All the major petrol companies cut their prices by 5c a litre yesterday. Shell was first, at 3.30pm, taking the price of its unleaded petrol to 176.9c a litre.

The rest followed soon after, with Gull bringing its price down to 173.9c.

Shell spokesperson Kylie Reeves said: "The price of crude oil has been steadily falling and this is continuing to flow through into the cost of refined product."

The last petrol price decrease was 8c a litre on Friday. Petrol has dropped more than 40c since July 17.

Mark Stockdale, of the Automobile Association, said: "The petrol cut is excellent and reflects continuing reductions in the product price, coupled with a steadying exchange rate - and we hope another drop will also be forthcoming for diesel."

- NZ Herald

Get the news delivered straight to your inbox

Receive the day’s news, sport and entertainment in our daily email newsletter


© Copyright 2016, NZME. Publishing Limited

Assembled by: (static) on production apcf05 at 28 Jun 2016 13:58:11 Processing Time: 744ms