Petrol prices getting close to last year's record. What about your city or town?

Forums › Transport (cars, bikes and boats) › Petrol prices getting close to last year's record. What about your city or town?

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Mad Scientist
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#2978409 6-Oct-2022 22:04

OPEC to cut production as per Russia request (that's what i'm reading - not sure if that's right) to jack up fuel prices

https://www.news.com.au/finance/economy/opec-sides-with-russia-to-cut-oil-output-by-2-million-barrels-a-day/news-story/ff376116e0a6a087f9a9a245c1d754f3

Behodar

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#2993917 9-Nov-2022 11:35

Changes are coming next year.

https://www.beehive.govt.nz/release/fuel-markets-become-more-resilient-sustainable-and-competitive

empacher48

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#2993926 9-Nov-2022 11:42

I like the idea of having to hold more stock on shore. It’s a great idea since we don’t refine our own.

However not sold on the setting of wholesale prices. It’ll just mean if the margin on wholesale prices is reduced, the margin will just be added to the retail price.

Unless of course I’d you happen to live in a centre that happens to have a Gull/NPD/Waitomo nearby. If you don’t, bad luck your retail price will be inflated significantly to make up the losses at the wholesale margin.

Oblivian

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#2993971 9-Nov-2022 13:19

Meanwhile one of the Z here just upped 91 to 2.70

Past the previous creep where I purchased share tank at abou 2.63.

Yet fuel prices are 'back to normal before invasion...'

Riiiight.

Batman

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#2994018 9-Nov-2022 16:42

or we could just dig for oil like most other countries who are going green who use oil money to pay for their electrification

Rikkitic

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#2994028 9-Nov-2022 17:21

Batman:

or we could just dig for oil like most other countries who are going green who use oil money to pay for their electrification

Or we could dig a little deeper and bury our aspirations for the future!

Plesse igmore amd axxept applogies in adbance fir anu typos

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Batman

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#2994032 9-Nov-2022 17:34

Rikkitic:

Or we could dig a little deeper and bury our aspirations for the future!

at the moment we just give all our money to these countries to give us oil to move our salads around the country

* check out number 13, the country we aspire to become, the planet's poster child of green vehicle (electric cars, trucks & construction machinery), who have the same population as us

https://www.worldometers.info/oil/oil-production-by-country/

tdgeek

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#2994043 9-Nov-2022 18:52

Batman:

or we could just dig for oil like most other countries who are going green who use oil money to pay for their electrification

No, or dig for oil as it wont be turned off next week.The issue is, will [insert country here] make an effort or not.

Like many things, its about me (citizens, elected MP's, votes) Its more ideal if I hammer the oil and I catch up later...

tdgeek

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#2994044 9-Nov-2022 18:55

Batman:

Rikkitic:

Or we could dig a little deeper and bury our aspirations for the future!

at the moment we just give all our money to these countries to give us oil to move our salads around the country

* check out number 13, the country we aspire to become, the planet's poster child of green vehicle (electric cars, trucks & construction machinery), who have the same population as us

https://www.worldometers.info/oil/oil-production-by-country/

I think you have missed the point. Don't blame the producers, blame the users, who feed the producers.

gzt

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#2994048 9-Nov-2022 19:07

91 paid $2.42 at CostCo. The nearby paknsave is usually the the same.

Dratsab

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#2994051 9-Nov-2022 19:18

I went into the Porirua Pak n Save yesterday to buy a few items so I'd get their 6c/litre discount voucher as my car needed filling up. Was pleasantly surprised, and very happy, to get a 20c/litre discount voucher.

Edit: That brought the price down to about $2.27/litre.

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tdgeek

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#2994058 9-Nov-2022 19:33

Dratsab:

I went into the Porirua Pak n Save yesterday to buy a few items so I'd get their 6c/litre discount voucher as my car needed filling up. Was pleasantly surprised, and very happy, to get a 20c/litre discount voucher.

Edit: That brought the price down to about $2.27/litre.

Thats shows the "leeway" they have. But when Joe Blogg goes elsewhere, full noise. Would probably be better if everyone got a similar deal

wellygary

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#2997484 17-Nov-2022 14:14

Well after all the hooting and hollering from the Government including crazy statements like

"The Government expects to drive down petrol prices by between 18-32c a litre as a result of new rules which are expected to "swiftly" break the supply dominance of big fuel companies."

We appear to have now come full circle and belatedly the government has recognised that Fuel retailing is a Cost+ business that government has very little control over... and if you pay "too much" its your fault...

"Commissioner Dr John Small said in many cases motorists could get a much better deal “simply by crossing the road to another petrol station”. Motorists should shop around both to find the best deal and to encourage competition between retailers, he said."

"The commission’s report found that fuel prices increased during the June quarter, driven by the international price of crude oil and foreign exchange movements."

https://www.stuff.co.nz/business/130501110/motorists-need-to-do-more-to-stoke-competition-at-the-petrol-pump

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#2997970 18-Nov-2022 12:27

Yesterday night, I paid $2.72 for 95 (car requires it) at RDP - the cheapest in Invercargill and 50km radius.

edit. $2.60 for the cheapest 91.

vexxxboy

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#3010093 15-Dec-2022 08:43

ok Petrol has fallen under $2.00 a litre for 91, i just paid $1.96 at Rotorua PaknSave

Common sense is not as common as you think.

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