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Gull Diesel Drops Below $1.00 per litre

MEDIA RELEASE
FOR IMMEDIATE RELEASE

Gull Diesel Drops Below $1.00 per litre
Petrol Prices fall as well

Auckland, 26 February 2009 –Gull has dropped the price of diesel at its company controlled outlets bringing the retail price back below the $1.00 barrier.

Petrol prices have also fallen in line with a steadying Kiwi dollar and falling world fuel prices.

Graham Stirk, Gull Retail Manager noted that Gull sites, most celebrating 10 years serving the New Zealand Motorist, had consistently delivered some of the lowest low fuel prices right through the summer and now were very happy to bring further savings to the motorist.


At the majority of Gull outlets where Gull controls retail prices, prices are as follows:

Gull Regular 91/$1.629 - with some sites as low as $1.599

Gull Regular Plus (91 Octane)/$1.619

Gull Force 10 (98 Octane)/$1.739 - with some sites as low as $1.709

Gull Low Sulphur Diesel/$0.999 - with some sites as low as $0.979

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

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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

ENDS

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