News Release
20 October 2008
BP Drops Price Again
BP is pleased to have today dropped the price of petrol again by a further five cents a litre due to continued decreases
in the international price of refined petrol.
BP Managing Director Peter Griffiths said ``BP will keep passing on the benefits of lower product prices to motorists as
quickly as possible. However, the international market situation is still very volatile, we will continue to monitor
prices on a daily basis.’’
Pump prices in New Zealand are determined by the international price of refined petrol and diesel (purchased in US
dollars), the US/NZ exchange rate, taxes and levies, international shipping costs and local operational costs.
Petrol prices at most BP owned service stations have dropped to 176.9 cents per litre for Unleaded 91.
ENDS
Notes:
There are over 100 independently-owned BP service stations in New Zealand.
They buy their fuel off BP at a wholesale price and by law must set their
own pump prices.