Petrol prices nearly at record levels
Wed, 15 Aug 2012 11:19a.m.
Petrol prices are only 2c below the record high they reached in May last year, reports the Automobile Association (AA).
BP led the way, upping its 91 octane petrol by 3c to 219.9c yesterday, closely followed by Z Energy.
The AA blamed the hike on "rising petrol commodity prices, which are due in part to planned (and unplanned) refinery shutdowns restricting global supply".
A BP spokesperson told Fairfax demand would probably drop as prices neared record levels.
Prices remain volatile, with a variation of as much as 10c between stations around Auckland. Three weeks ago 91 was around 210.9c.
Diesel prices remain at 153.9c at most stations, significantly lower than its peak of $1.70 last year.
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19/08/2012 2:34:31 a.m.
And the response seems to be spend over $10 billion on new roads that only 3% of the population will use, whilst public transport services are downgraded and will have fare rises. Brighter future? No wonder the oil nations are doing so well.
16/08/2012 11:06:36 a.m.
National a brighter future lmao
16/08/2012 7:48:52 a.m.
Biggest speculators in oil pricing.
15/08/2012 9:42:25 p.m.
Jim Seaview wrote:
QUOTE: "BP led the way, upping its 91 octane petrol by 3c to 219.9c yesterday, closely followed by Z Energy."Today I spoke to my family in Perth WA and she had just filled her car up.A$1.395 per litre for unleaded petrol.We are being ripped off by someone!!!!
15/08/2012 5:02:09 p.m.
NZ would do well to encourage people to ride mopeds and motorbikes to reduce congestion and save fuel, like they do in Europe... but hey, not in NZ where registering a bike requires a bank loan.
15/08/2012 1:49:30 p.m.
We can remember when Labour tossed 5c /ltr on the price. Of course with inflation, and that we have a recession, no doubt Labour would be adding 10c /ltr today!Labour is also wanting our dollar around 20% lower which would raise petrol around 25%, ie about 55 cents/ltr!Yep Labour is thinking of NZ when they are demanding a lower dollar!We have lost ground with our dollar losing value against the Aus $ and Chinese currencies. This is because they are doing better economically than NZ. Our own performance is near the top in the OECD, hence our strengthing dolalr, when the US/EU currencies are lowering in value. If exclude mining, we are actually doing better than Australia! But then we have so many wanting NZ to be outperformed by Aus and coninually block all efforts for NZ to catch up to Aus economically!
15/08/2012 1:25:48 p.m.
Better borrow billions to pay for uneconomic roads to nowhere then.
15/08/2012 12:20:07 p.m.
It's not governments that run the country(s) or the world for that matter.... it's oil companies!
15/08/2012 11:45:41 a.m.
govt thieves wrote:
The biggest robber is the govt, with its massive tax take on petrol. Another 2 cents added at the beginning of August.
15/08/2012 11:34:44 a.m.
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