Petrol just got more expensive
5:00AM Saturday January 05, 2008
By Maria Slade
Oil industry rebel Gull Petroleum looks set to do a brisk trade this weekend, as the only fuel retailer not to raise its prices in the latest round of increases.
While Caltex, Mobil, BP and Shell all put up their prices by 5c and 6c a litre yesterday, Gull said it would hold out until Monday.
The increase comes hard on the heels of US crude oil pushing through the psychological US$100 a barrel barrier for the first time.
Despite claims on Thursday of a watching brief, by yesterday afternoon the four majors had all moved.
Petrol is up 5c a litre to 175.9c for 91 octane and 180.9c for 95, and diesel now costs 6c more a litre at 130.9c.
"That's a huge slap in the face for the motorist coming back from holiday," said Dave Bodger, New Zealand general manager of the Australian family-owned Gull.
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