10 Feb 2009

Petrol down 3 cents a litre

3:27 pm on 10 February 2009

All four main petrol companies have dropped the price of petrol and diesel by three cents a litre.

Shell, Mobil, Caltex and BP have lowered the price of 91 octane to $1.65.9 a litre. Diesel is now $1.03.9 a litre.

Shell says the strengthening of the New Zealand dollar has led to the price drop.

BP says its drop is a direct response to competitive pressure.

Mobil cites a softening of market prices in Singapore.