10 November 2008
Petrol Price Continues to Fall at BP
The price of fuel continues to fall with BP today decreasing the price of petrol by a further 5 cents per litre.
This is BP’s third price decrease in the last 8 days, with petrol falling a total of 15 cents per litre, since November
3rd.
BP Managing Director Peter Griffiths says the change is due to continued decreases in the international price of refined
petrol.
``BP monitors these costs daily and is committed to passing on the benefits of lower product prices to motorists as
quickly as possible.’’
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 is now the cheapest it has been since October 2007.
Petrol prices at most BP owned service stations have dropped to 157.9 cents per litre for Unleaded 91.
ENDS