Fuel prices drop
By MICHAEL FOX - Stuff.co.nz | Tuesday, 10 February 2009

The cost of fuel has dropped with most oil companies cutting prices by 3 cents per litre.

Gull spokesman Graeme Stirk said they had cut their petrol price by three cents to $1.64.9 for 91 octane yesterday. Its 98 blend was $1.75.9.

Gull's diesel price remained the same at $1.06.9 per litre.

Shell announced this morning it was cutting its prices for both petrol and diesel by three cents a litre.

The reduction brings the cost of 91 petrol at Shell service stations to $1.65.9 per litre, with 95 octane $1.70.9 and diesel $1.03.9.

Shell said the strengthening New Zealand dollar had allowed the price drop.

Caltex and BP followed suit, with Caltex spokeswoman Sharon Buckland saying its move was due to changes in the exchange rate and price of refined fuel.

Mobil spokesman Allan Bailey said the company had not moved to change its prices yet but would review them in the light of moves by competitors.

From here.