Gull to decrease petrol prices

MEDIA RELEASE FOR IMMEDIATE RELEASE

Accentuate the Positive,
Eliminate the Negative,
Time to drop the Petrol Price!
Gull is helping out again.

Gull to decrease petrol prices

Auckland 17 July 2008 – Gull announced today that it is sick of the “bad news” that seems to be continually doing the rounds, and have decided to do something about it:

Interest rates, food costs, housing market, finance companies, fuel prices, Richie’s ankle, the weather and the lake levels; it could be easy to begin seeing the glass as half empty.

Graham Stirk, Retail Manager of Gull New Zealand says there is a lot of good news in New Zealand at the moment that we are ignoring...

“Marina Erakovic went well in Wimbledon, The Olympics start in a couple of weeks, every day we are closer to summer, there is less traffic about, tax cuts start in October, the ski fields are open, and even the Black Caps have won a game or two of cricket, not to mention it’s my cousins’ husbands’ third sisters birthday next week, and we live in a great little country,” says Stirk

Stirk goes on to say, “we really need to look at the positives in life – so here’s a little help from Gull - we’d like to pass on some fuel savings. From noon today Gull will be dropping petrol prices by 3 cents per litre at most outlets. If international prices remain low we hope that we are able to sustain this drop and that will be a big help for all Kiwi motorists”

From noon today Regular grade petrol (91 octane) will be a maximum of $2.149 per litre at outlets where Gull controls the fuel price and Gull Force 10 (98 octane) $2.249.

ENDS

About Gull
Gull Petroleum was founded in 1976 with a single service station by a group of business people in Western Australia who saw the potential for an independent supplier. Rationalisation by the major oil companies at the time offered Gull the opportunity of obtaining sites considered unviable by the multi-nationals. Adherence to a philosophy of low cost management, prudent investment decisions and a carefully planned marketing strategy enabled Gull to increase its number of outlets to thirty-five by 1984, when ownership of the company was consolidated with the Rae family. Without much fanfare, Gull has expanded its network to nearly 100 service stations. It has become a serious player, offering a real choice for motorists in an extremely competitive market. The company remains today a fully family owned operation

The Gull Group of Companies has grown from a small business to a modern, dynamic organisation of significance in the Australian and New Zealand petroleum industries. Furthermore, through Gull’s aggressive marketing approach, a planned increase in market share will herald the strengthening of the Gull name in Australia and New Zealand.

Gull in New Zealand

Gull started operations in New Zealand with the building of a state of the art terminal in Mount Maunganui in 1998. Tanks were relocated from Marsden Point by barge, a feat the opposition said was “impossible”. Gull made the first retail sales of petrol in 1999 and has grown the network to 30 branded sites. Gull was the first company to introduce low sulphur diesel to the New Zealand market bringing environmental benefits well ahead of the opposition. In August 2007 Gull again set new environmental benchmarks for the industry with the first retail sale of Gull Force 10, New Zealand’s first biofuel, 10% ethanol mixed with premium gasoline giving higher octane and cleaner performance. Gull is the only independent oil company operating in New Zealand and is credited with keeping the fuel market competitive and giving savings to the Kiwi motorist. .

For more information please visit www.gullpetroleum.com.au

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