10 Jul 2008

Gull still cheaper despite increasing oil prices

6:33 pm on 10 July 2008

Gull Petroleum raised its petrol and diesel prices on Thursday but prices still remain slightly cheaper than competitors.

It increased the price of 91 octane by 3 cents a litre to 215.9 and diesel by 6c to 188.9 per litre.

Major oil companies in New Zealand lifted their petrol and diesel prices by 6c a litre on Monday.

Gull general manager Dave Bodger says it chose not to match its competitors' prices, as the cost of US light crude has fallen by $US9 a barrel since Tuesday.