10/03/2020. The other prices ranged from between $1.84 and $1.86. According to the AA's March 2020 petrol and diesel prices report, since the beginning of the year the landed cost of petrol has fallen roughly 43 cents per litre with the national pump price dropping 46cpl in that time. The national price of 91 octane is now below $2/litre for the first time since August 2017 (although it came close in December 2018). Though there were international factors such as the exchange rate, the barrel price and the US relationship with Iran, Ms Ardern questioned why New Zealand paid the highest pre-tax price in the OECD. The MBIE figures show the bulk of the price reductions are coming from lower importer costs, with a little tax break involved. And it probably hasn't dawned on him it costs to get fuel from source to supply pump. But since the price cuts on Tuesday, the global commodity price has risen slightly, although there may still be scope for more pump price cuts, especially for diesel. 43cpl with the national pump price dropping 46cpl in that time. Petrol and diesel prices went to this level in September 2018. R . By contrast, the diesel landed cost has fallen 35cpl since 1 Jan and national pump prices are … Stuff reached out to Mark Stockdale, AA's PetrolWatch Spokesperson who said that, going forward it's "hard to say what might happen. Customer Contact Centre: 0800 500 444 Data for the rest of New Zealand puts the average price at the start of January at $2.15 and $1.70 on April 3. By contrast, the diesel landed cost has fallen 35cpl since 1 Jan and national pump prices are down 36cpl. Oil refinery output By fuel type, 1974–2019; Consumption of oil By fuel type, 1974–2019; Consumption of oil By fuel type, 2019; Price of Dubai Crude oil expressed in New Zealand dollars January 2005–2020, NZD per barrel; End use of fuel for the retail trade industry By fuel type, 2017, terajoules; Fuel purchased by the retail trade industry By purchasing location, 2017, terajoules Hawke's Bay. In total, during March so far, the national price of petrol and diesel has fallen 34cpl. The international commodity price for petrol is now around US$46/barrel (and diesel US$52.50/barrel), down from US$64.50/barrel at the end of February (diesel US$67.60/barrel), and they may yet fall further. According to the Ministry of Business, Innovation and Employment, the average price for petrol in Auckland has dropped from around $2.28 per litre at the start of 2020 to $1.83 as of April 3. 3.02 %. Add roughly 20 cents for the full pump price. ... NZ: Time to consider petrol and diesel car import ban, says climate change minister. While the commodity price for refined fuels has also fallen, it is priced higher than the oil price, but even then it only makes up about a quarter of the pump price, which limits just how much pump prices can fall. $1.69 7. overview, Holden Commodore Tourer 2018 Towing Review, Warrant of Fitness PLUS AA Membership for $127*, Volkswagen Golf R Performance 2020 Car Review, Used Vehicle Review: Mitsubishi Minicab MiEV (2012), Used Car Review: Toyota Prius PHEV (2012), Hyundai IONIQ EV Series II 2020 Car Review. Previous. Gull SPEEDLANE Hastings. CURRENT. stuff.co.nz. On the contrary, there are some European countries, wherein a litre of petrol costs over 2 dollars. Fuel prices trend down Reduced fuel prices are not likely to be passed on to customers of … In New Zealand, Z Energy has cut petrol prices by 7 cents a litre across most of its Caltex and Z retail service stations. According to the Ministry of Business, Innovation and Employment, the average price for petrol in Auckland has dropped from around $2.28 per litre at the start of 2020 to $1.83 as of April 3. Global oil prices have tumbled to their lowest in 18 months, with New Zealand petrol prices in turn dipping below $2 a litre for the first time in 10 months to 199.9c a litre. As New Zealand enters the second half of the lockdown, fuel prices have plummeted. The price drop comes into effect from 7am today and lasts until 12pm tomorrow, Gull says. By RNZ • 18/05/2020 Search Driven for vehicles for sale Photo / Getty Images. $1.69 7. Compare your petrol prices to the rest of the country here. Let's pressure petrol companies not to take unwarranted profits. All fuel types will be included. Although they appear to have reduced prices, but just not by 16cpl. However, importer margins are up, probably as a result of those relaxed taxes. ... NZ petrol prices plummet as crude oil sinks. "Ninety percent of our service stations changed their prices, in some cases up to six cents a litre, yesterday," chief executive Mike Bennetts said. Fuel price trends - Petrol Unleaded 93. A rise in the cost of petrol is just one change taking place from July 1, 2020. Another series of price decreases late last week saw the national petrol price fall 13 cents per litre (cpl) and diesel 16cpl, with both dropping another 6cpl this Monday. The average value for New Zealand during that period was 2.10 New Zealand Dollar with a minimum of 2.03 New Zealand Dollar on 09-Nov-2020 and a maximum of 2.17 New Zealand Dollar on 04-Jan-2021. The Energy Department has announced that the petrol price will increase between 40 and 43 cents a litre. Figure 1: Petrol and Diesel Prices (Real 2014) This work is licensed under a Creative Commons Attribution 3.0 New Zealand License (external link) . Petrol Prices are all over the show. "Singapore is the key trading market that all of the New Zealand refined prices are really based on." Gull Mayfair. This page is an online community so that we can all benefit from the best deal on petrol prices NZ wide Fuel prices to be hiked on Wednesday. 43cpl with the national pump price dropping 46cpl in that time. Diesel costs started the year at $1.55 and are now sitting at $1.18 in Auckland. 3 talking about this. There appears to have been some upward movement in fuel prices – the first price change in 7 weeks – with observed prices in Wellington rising 2 cents per litre at the very end of April. © 2021 The New Zealand Automobile Association Inc. Commodity prices continue to fall due to falling global demand, with the commodity price for petrol now at US$62/barrel (almost double the crude oil price). Petrol and diesel prices as at 30 April 2020. Although the prices are different, price movements remain the same. MBIE maintains a weekly monitoring service of retail Unleaded 91 prices and some of the components built into the pump price. Mobile: *222, Three features designed to make cars tougher, Cars Gasoline prices per liter, octane-95: We show prices for New Zealand from 12-Oct-2020 to 18-Jan-2021. Petrol prices: National wants Government to delay 4c tax increase. New World Hastings. November 18, 2020. people across the country use their vehicles less. UPCOMING. So we've probably seen the best of it in terms of price cuts and they might settle down for a little while until countries start coming out of their lockdowns and travel increases again. The National Party wants the Government to put off a four cent petrol tax increase and the road user charges scheduled to begin in July. Full Story. Display prices for which year? The chart below shows the inflation-adjusted prices of premium and regular petrol, and retail and wholesale diesel, from 1974 onwards. Z Energy has announced petrol prices have dropped by 5c per litre. "Globally, commodity prices have stopped falling and in the past week have actually risen again. Petrol prices and parental leave: The upcoming rule changes from today. Auckland joined the higher priced regions after the introduction of the regional fuel tax on July 1. Hawke's Bay. As ever, prices vary across NZ due to localised price competition so not all service stations may have cut prices by this much – yet. These are the sharpest falls in pump prices over a fortnight since late 2008, when oil prices also plummeted. Today, we are here with the list of petrol prices across 100 countries (Prices are as per the date 21st May 2018). CardLink PriceWatch provides a snapshot of the fuel transaction prices throughout New Zealand. It follows a price cut yesterday at most of its sites. R 14.69. Check back every week to find out the petrol prices for the next week! But after a spate of price cuts in the first half of March, things have been pretty stable at the pump in the last few weeks. 06 Jan 2021. Fuel prices are consistently higher in the South Island and Wellington. For both sets of data, prices have remained more or less at that point since March 20, just before we went into lockdown. Here are some others: Petrol Prices and Road User Charges. Petrol prices are back up 23 October 2020 Stats NZ figures show they rose 1.7 percent in the September quarter, following a 12 percent fall in the June quarter. These figures are when various discounts are applied. 02 Dec 2020. The price of fuel varies enormously around NZ. Well, we can either take advantage of the low prices while they last and risk fuel going off if the level four lockdown is extended or hope prices don't rise too much when the lockdown does lift. PREVIOUS. After a decade-long debt binge, Coronavirus has slayed the oil industry, Government loosens rules to allow online delivery of essential appliances and devices like laptops and heaters, AA expects price drop as Z, BP and Mobil move to display price of premium fuels, Cheap fuel finally hits Wellington as Waitomo petrol station opens. Petrol prices are plummeting as New Zealand passes the halfway mark of the four-week lockdown. ... 30 Jun, 2020 05:34 AM 4 minutes to read. Few people are driving so few people are buying fuel. For comparison, the average price of gasoline in the world for this period is 1.83 New Zealand Dollar. Petrol Price Watch NZ. ACCC report into Australian petrol prices — Review of applicability to the New Zealand petrol market [PDF, 690 KB] What changes we have made to the methodology used for monitoring importer margins We adjusted the calculation of importer margins in September 2015 to include discounting activity. R 14.26. Since fuel prices will change weekly and are based upon changes in the average price of oil per litre, you can adapt your petrol purchases to profit from cheap weeks and avoid the expensive weeks. Petrol and diesel prices as at 10 March 2020. Data released to the New Zealand Herald reveals how petrol prices varied around the country over the last six months. 23 October 2020 Stats NZ figures show they rose 1.7 percent in the September quarter, following a 12 percent fall in the June quarter. What does that mean for us? We know that most vehicle owners are looking for ways to get cheap fuel, petrol and diesel. At NPD we are always aiming to deliver the best quality forecourt experience while delivering the best value fuel. Since the beginning of the year the landed cost of petrol (commodity price converted to NZ$) has fallen approx. USA: Fuel truck crash closes SR-555. Overall, since the start of the year the landed cost of petrol (converted to NZ$) has fallen by 16cpl, and the national price has fallen by the same amount. After a sharp fall in oil prices, the national price of petrol fell 11 cents per litre (cpl) in two days, with diesel down 8cpl. $1.41 9. 44 likes. The following analysis uses that data (crude prices and excise taxes), and applies current exchange rates and GST to derive the "oil company component" to import, refine and distribute petrol to our local petrol station. The last time prices were that low for a similar amount of time (at least two weeks) was in July 2017, then August 2016 before that. The rest of New Zealand went from $1.41 to $1.05. 16/03/2020. So far this month, the national petrol price has fallen 15cpl, and a total of 27cpl since the start of the year, while the national diesel price has only dropped 14cpl in the last 2+ months, despite similar drops in the diesel commodity price. Since the beginning of the year the landed cost of petrol (commodity price converted to NZ$) has fallen approx. Canterbury. See also: Historical Movement of Petrol Prices In Malaysia for year 2017. The Automobile Association said while many motorists may feel petrol companies were too quick to put up their prices yesterday, it was standard practice. Indeed, data of weekly traffic flows in Auckland, Wellington, Christchurch, Hamilton and Dunedin shows that, compared to the previous year, traffic is down between 74 and 82 per cent. Fuel prices - Petrol Unleaded 93. 24-hour AA Roadservice: 0800 500 222 Both of these events didn't last, with pump pricing steadily rising in the following weeks. 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