Let's share petrol prices across NZ. Although they appear to have reduced prices, but just not by 16cpl. R 14.69. R 14.26. Gasoline prices per liter, octane-95: We show prices for New Zealand from 12-Oct-2020 to 18-Jan-2021. 43cpl with the national pump price dropping 46cpl in that time. Fuel prices to be hiked on Wednesday. Today, we are here with the list of petrol prices across 100 countries (Prices are as per the date 21st May 2018). Check back every week to find out the petrol prices for the next week! These are the sharpest falls in pump prices over a fortnight since late 2008, when oil prices also plummeted. PREVIOUS. See also: Historical Movement of Petrol Prices In Malaysia for year 2017. Jacinda Ardern outlines where Kiwis could travel in 2021, Woman charged over death of world champion kayaker in crash near Nelson, DIY campervan explodes without warning at Marlborough campsite, Lance corporal admits drugs charges but avoids prison, Recap: PM says Covid vaccinations to begin as soon as supply arrives in NZ, Quiz: Afternoon trivia challenge: January 26, 2021, Teenager found dead in swimming pool of Christchurch home, Nelson cafe owner takes Covid precautions up a notch, Mystery surrounds 'abandoned' car left on central Auckland street for six months, New $19m cycleway plan will 'annihilate' bakery business, owner says. Since the beginning of the year the landed cost of petrol (commodity price converted to NZ$) has fallen approx. $1.69 7. As New Zealand enters the second half of the lockdown, fuel prices have plummeted. However, importer margins are up, probably as a result of those relaxed taxes. 44 likes. 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). In terms of diesel prices, NPD St Vincent St and Parkers Rd were the winners again at $1.09, while the most expensive was a tie between NPD Port Nelson Fuel and BP Haven Rd at $1.16. More money for their pay rises. UPCOMING. CardLink PriceWatch provides a snapshot of the fuel transaction prices throughout New Zealand. Few people are driving so few people are buying fuel. Although the prices are different, price movements remain the same. As ever, prices vary across NZ due to localised price competition so not all service stations may have cut prices by this much – yet. 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). 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. Priscilla Dickinson. In New Zealand, Z Energy has cut petrol prices by 7 cents a litre across most of its Caltex and Z retail service stations. The government has increases scheduled for 2019 and 2020. CURRENT. Compare your petrol prices to the rest of the country here. "Ninety percent of our service stations changed their prices, in some cases up to six cents a litre, yesterday," chief executive Mike Bennetts said. 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. Petrol prices are back up Petrol prices are back up. 16/03/2020. Let's pressure petrol companies not to take unwarranted profits. 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. 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. Diesel costs started the year at $1.55 and are now sitting at $1.18 in Auckland. 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. The other prices ranged from between $1.84 and $1.86. R . For comparison, the average price of gasoline in the world for this period is 1.83 New Zealand Dollar. 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 $1.83 as of April 3. What does that mean for us? Average petrol prices in the June quarter 2020 fell to their lowest level in 21 years in real inflation adjusted terms as a result of the COVID-19 pandemic, but gross retail margins remain at record highs. So we've probably seen the best of it in terms of price cuts and they might settle down for a little while until countries start coming out of their lockdowns and travel increases again. Petrol prices are back up 23 October 2020 Stats NZ figures show they rose 1.7 percent in the September quarter, following a 12 percent fall in the June quarter. Petrol prices and parental leave: The upcoming rule changes from today. After a small price drop in February, the national price for both petrol and diesel fell 4 cents per litre (cpl) on 6 March, and the signs are that international commodity prices for refined fuel will fall further in the coming days, which means we should expect further pump price cuts – although some of the drop in commodity prices is being offset by our falling exchange rate. These figures are when various discounts are applied. Gull Mayfair. © 2021 The New Zealand Automobile Association Inc. Both of these events didn't last, with pump pricing steadily rising in the following weeks. New World Hastings. 23 October 2020 Stats NZ figures show they rose 1.7 percent in the September quarter, following a 12 percent fall in the June quarter. After a sharp fall in oil prices, the national price of petrol fell 11 cents per litre (cpl) in two days, with diesel down 8cpl. Since the beginning of the year the landed cost of petrol (commodity price converted to NZ$) has fallen approx. 10/03/2020. ... NZ petrol prices plummet as crude oil sinks. This page is an online community so that we can all benefit from the best deal on petrol prices NZ wide Today, even on the seventh day, the price of petrol in Delhi is Rs 83.71 per litre, in Mumbai, it is Rs 90.34. Full Story. 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. We know that most vehicle owners are looking for ways to get cheap fuel, petrol and diesel. "I would ask the opposition, what are they going to cancel," said Ms Ardern. All fuel types will be included. We don’t know how these service stations determine their lower prices, but unlike the national price, it doesn’t seem to be benchmarked to the commodity price, but rather some other factors (like local price competition). For both sets of data, prices have remained more or less at that point since March 20, just before we went into lockdown. 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. A rise in the cost of petrol is just one change taking place from July 1, 2020. 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. 06 Jan 2021. Petrol prices NZ. By contrast, the landed cost of diesel has fallen 35cpl since 1 Jan and national pump prices are down 36cpl. Gull SPEEDLANE Hastings. Auckland joined the higher priced regions after the introduction of the regional fuel tax on July 1. The MBIE figures show the bulk of the price reductions are coming from lower importer costs, with a little tax break involved. Here are some others: Petrol Prices and Road User Charges. In total, during March so far, the national price of petrol and diesel has fallen 34cpl. Whereas the imported cost of diesel has fallen by nearly 18cpl, and yet the national diesel price has only fallen by 8cpl, which is unusual. For a start, get Gaspy to see what prices are in your area if you want the best price but don't expect windscreen washer or a pie if you want "cheap". ... 30 Jun, 2020 05:34 AM 4 minutes to read. Fuel prices trend down Reduced fuel prices are not likely to be passed on to customers of … The data is a minimum of 24 hours old and is sourced from fuel purchase transactions that are processed by CardLink using CardLink provided fuel cards. READ MORE: * 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. Hawke's Bay. Stuff reached out to Mark Stockdale, AA's PetrolWatch Spokesperson who said that, going forward it's "hard to say what might happen. 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. 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. 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. Canterbury. USA: Fuel truck crash closes SR-555. New Zealand petrol prices plummet as crude oil sinks. November 18, 2020. Petrol prices: National wants Government to delay 4c tax increase. However, we note that not all service stations have dropped their prices by the same amount as the national price, and these seem to be retailers that are charging below the national price. Figure 1: Petrol and Diesel Prices (Real 2014) This work is licensed under a Creative Commons Attribution 3.0 New Zealand License (external link) . 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. Display prices for which year? Petrol and diesel prices as at 16 March 2020. Petrol prices fell 7.7 percent in the North Island excluding Auckland and Wellington, and 7.1 percent in Auckland, in the March 2019 quarter. The price drop comes into effect from 7am today and lasts until 12pm tomorrow, Gull says. $1.41 9. "Singapore is the key trading market that all of the New Zealand refined prices are really based on." 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. 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. 3 talking about this. 24-hour AA Roadservice: 0800 500 222 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. stuff.co.nz. 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. 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 The Automobile Association said while many motorists may feel petrol companies were too quick to put up their prices yesterday, it was standard practice. Add roughly 20 cents for the full pump price. 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. Petrol Prices are all over the show. Petrol Price Watch NZ. New Zealand Travel Australia Travel International Travel. By RNZ • 18/05/2020 Search Driven for vehicles for sale Photo / Getty Images. $1.69 7. Petrol prices are plummeting as New Zealand passes the halfway mark of the four-week lockdown. By contrast, the diesel landed cost has fallen 35cpl since 1 Jan and national pump prices are … Coronavirus: Petrol prices expected to fall "Globally, commodity prices have stopped falling and in the past week have actually risen again. Mobile: *222, Three features designed to make cars tougher, Cars 02 Dec 2020. 43cpl with the national pump price dropping 46cpl in that time. 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. 3.02 %. The chart below shows the inflation-adjusted prices of premium and regular petrol, and retail and wholesale diesel, from 1974 onwards. And it probably hasn't dawned on him it costs to get fuel from source to supply pump. By contrast, the diesel landed cost has fallen 35cpl since 1 Jan and national pump prices are down 36cpl. MBIE maintains a weekly monitoring service of retail Unleaded 91 prices and some of the components built into the pump price. But contrast that with Christchurch, where prices have been falling – at some brands 91 is below $1.50/litre. Fuel prices are consistently higher in the South Island and Wellington. The price of fuel varies enormously around NZ. people across the country use their vehicles less. ... NZ: Time to consider petrol and diesel car import ban, says climate change minister. Data released to the New Zealand Herald reveals how petrol prices varied around the country over the last six months. It follows a price cut yesterday at most of its sites. Petrol and diesel prices as at 10 March 2020. The rest of New Zealand went from $1.41 to $1.05. 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. Fuel prices - Petrol Unleaded 93. Z Energy has announced petrol prices have dropped by 5c per litre. Petrol and diesel prices went to this level in September 2018. The Energy Department has announced that the petrol price will increase between 40 and 43 cents a litre. Customer Contact Centre: 0800 500 444 At NPD we are always aiming to deliver the best quality forecourt experience while delivering the best value fuel. 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. Previous. 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. Hawke's Bay. On the contrary, there are some European countries, wherein a litre of petrol costs over 2 dollars. 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. This is largely due to rapidly declining demand as people across the country use their vehicles less. Fuel price trends - Petrol Unleaded 93. 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. Petrol and diesel prices as at 30 April 2020. Prices at the pump have dropped by around 40 cents since the start of the year. 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