INDEPENDENT NEWS

Shell Slashes Petrol Prices Again

Published: Mon 3 Apr 2000 06:29 PM
Shell Slashes Petrol Prices For The Second Time In A Week
MEDIACOM-RELEASE-SHELL-NEW-ZEALAND
SHELL SLASHES PETROL PRICES FOR THE SECOND TIME IN A WEEK
Shell New Zealand led petrol prices down by 1 cent across all grades this afternoon.
Shell, which led prices down last Thursday, says the move is in anticipation of falling international prices for crude oil.
Shell Oceania Communications Manager, Antonius Papaspiropoulos, says a fall in the price of finished fuel over the weekend has allowed the Company to pass on further benefits to customers.
"Shell is taking a risk with the latest price reduction, but last week's decision by OPEC to release further supplies of oil onto world markets bodes well, and is expected to result in lower crude prices. While the market is yet to stabilise, we believe we can pass on some early savings to motorists. It is Shell's desire to see petrol prices fall within the one dollar range as soon as possible."
The latest reduction means that average prices in the main centres a $.98.9 cents for 91 octane, $1.03 for 96 octane, and 65.5 cents for diesel.
ENDS

Next in Business, Science, and Tech

No New Coal Boilers for Fonterra
By: Fonterra
Soil turned on controversial Waimea Dam
By: RNZ
Drones will help economy take off
By: New Zealand Government
Fuel and rent drive inflation
By: Statistics New Zealand
Government welcomes Fonterra’s speedy moves away from coal
By: New Zealand Government
Coal group welcomes Fonterra's coal exit
By: Coal Action Network
Coal Action protest finishes
By: Coal Action Network
Fonterra decision stimulus for increased biomass fuel supply
By: Bioenergy Association
Methane target could be catastrophic - Shareholders' Council
By: BusinessDesk
Drone integration a flight closer
By: Airways New Zealand
New recommendations on flying drones over marine animals
By: AUT University
Pizza-by-drone a reality with world-first NZ delivery
By: Domino's Pizza
NZ 2Q CPI +0.6% on quarter, +1.7% on year
By: BusinessDesk
Tax and regulations driving up the cost of living
By: New Zealand National Party
View as: DESKTOP | MOBILEWe're in BETA! Send Feedback © Scoop Media