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227 posts

Master Geek
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Topic # 174948 11-Jun-2015 20:11
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I swear petrol has gone up again, or am I going nuts?


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  Reply # 1323001 11-Jun-2015 20:13
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exchange rate is falling, so possibly. I have not filled up recently. 



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  Reply # 1323003 11-Jun-2015 20:16
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It dropped in price last week and hadn't changed when I drive home this evening.

With the NZ% vs US$ having dropped by around 5c in the last month I expect a LOT of things to start going up pretty soon.



 
 
 
 




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Master Geek
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  Reply # 1323008 11-Jun-2015 20:21
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If my maths is correct ( and probably not so feel free to prove me wrong)

40L of petrol used to cost me $82.40 now its $83.60 ISH

I know its not muchm $1.20 is i think but still in this day its a necessity 

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  Reply # 1323009 11-Jun-2015 20:25
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*puts all my travel money on cash passport*

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Ultimate Geek
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  Reply # 1323029 11-Jun-2015 20:43
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When I went past BP this morning about 8.45am it was 199.9 / l
About an hour later it was 208.9 / l

I decided to try my luck at caltex around the corner and they were still at 199.9 so all good.

John





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Master Geek
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  Reply # 1323031 11-Jun-2015 20:48
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Sure did go up.

 

Luckily I was already pumping gas when they changed the price on the big signs, and they couldn't charge me the new price. Doesn't get much closer than that.

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  Reply # 1323034 11-Jun-2015 20:56
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Doesn't the excise duty also go up another 3c/L on 1 July?  (+GST of course, nothing like taxing a tax!)





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Ultimate Geek
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  Reply # 1323037 11-Jun-2015 21:11
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Yip, you're right. Seemed to be $2.07 at the beginning of the month, then dropped down to $2.04 for a few days and now back up to $2.08.

Have a look around here for an idea of what petrol currently costs around the country: http://www.pricewatch.co.nz/Default.aspx?lyr=10&price_type=avg

The AA keep a list of historical prices, if you're interested: http://www.aa.co.nz/cars/motoring-blog/petrolwatch/




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  Reply # 1323038 11-Jun-2015 21:15
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Would be interesting to see historical petrol price graphed against crude oil price and US$ exchange rate

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  Reply # 1323040 11-Jun-2015 21:23
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Too many places around here have been doing 1.999 or 2.039 on the 91 and having 2.169 or worse on 95. Havent needed 98 since I got rid of the gutless skyline but might try some in the toyota to see if it helps with its lethargy.




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  Reply # 1323043 11-Jun-2015 21:27
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jonb: Would be interesting to see historical petrol price graphed against crude oil price and US$ exchange rate


MBIE have this all publicly available.

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Ultimate Geek
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  Reply # 1323053 11-Jun-2015 22:01
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sbiddle: MBIE have this all publicly available.


I think sbiddle is referring to page 4 & 5 in this PDF available from the MBIE 'Weekly oil price monitoring' page. More generic energy price info is also available here. For me personally, the Key Indicators in the NZ Energy Quarterly are fascinating.




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  Reply # 1323125 12-Jun-2015 06:16
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scuwp: Doesn't the excise duty also go up another 3c/L on 1 July?  (+GST of course, nothing like taxing a tax!)

yeah, but as part of the ACC cuts it' will fall by 3c at the same time, so in effect there is no change in fuel taxes on 1 July this year...

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  Reply # 1323132 12-Jun-2015 07:20
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Yep has gone up a few cents.

 

Mainly because the NZD is weaker. The OCR was cut yesterday, so not unusual to see a bit of a dip in the currency too. 





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  Reply # 1323134 12-Jun-2015 07:26
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It dropped ~10cents about 2 weeks ago for about 3 days by me.  Sadly I thought it would drop more before filling up...

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