31 Dec 2008

Petrol prices drop again

4:48 pm on 31 December 2008

Petrol prices fell on Wednesday for the second time this week to reach their cheapest since December 2005.

BP, Mobil, Shell and Castrol dropped the price of 91 octane by 3 cents to $1.32.9 a litre at most outlets; 95 octane fell to $1.37.9 a litre. Diesel is down 4c to $1.03.9 a litre.

Gull Petroleum has cut the price of 91 octane to $1.30.9; 98 octane to $1.40.9 and diesel to $1.02.9.

The companies say they review their prices daily and the drop is due to a continuous decrease in the cost of refined fuel, plus a slightly stronger dollar and the competitive New Zealand market.