Yep. Pity is here in Godzone, most of our petrol price is tax, so a 50% drop means a 10% drop. But Ill take it, and the faltering economy due to COVID-19 can do with half a leg up right now.

tdgeek:

 

Yep. Pity is here in Godzone, most of our petrol price is tax, so a 50% drop means a 10% drop. 

 

Which highlights the governments folly of having an inquiry into fuel prices. They were on a hiding to nothing on being shown up as the biggest contributor to the high price of fuel.

Looks like another 6-8 cents has come off Z's price this afternoon....

Z harbour city in wgtn are now advertising 91 @ 206.9  it was 214.9 yesterday

wellygary:

 

Looks like another 6-8 cents has come off Z's price this afternoon....

 

Z harbour city in wgtn are now advertising 91 @ 206.9  it was 214.9 yesterday

 

Wow that's the margin between Wellington and Petone / Hutt sites drop from the 20-30cpl range a few weeks ago down to ~6cpl now.

NPD Harewood (Christchurch) now down to 180.9c for 91, with the big 3 nearby down to 184.9.

Likewise, that same NPD is doing diesel for 110.9, with the big 3 being 4c more. The 30-40c diesel discount I used to enjoy from McKeown's with my fuelcard has all but evaporated over the past few months. Their discounted cardholder price is 104.9. I guess that means the competition from the likes of NPD and, more recently Waitomo, is actually working...

sbiddle:

wellygary:

Looks like another 6-8 cents has come off Z's price this afternoon....

Z harbour city in wgtn are now advertising 91 @ 206.9  it was 214.9 yesterday

 

Wow that's the margin between Wellington and Petone / Hutt sites drop from the 20-30cpl range a few weeks ago down to ~6cpl now.

 

sbiddle:

 

wellygary:

 

Looks like another 6-8 cents has come off Z's price this afternoon....

 

Z harbour city in wgtn are now advertising 91 @ 206.9  it was 214.9 yesterday

 

 

Wow that's the margin between Wellington and Petone / Hutt sites drop from the 20-30cpl range a few weeks ago down to ~6cpl now.

 

Yes, the Great Wellington Area Price Spike Anomaly has nearly disappeared in the last couple of weeks.

It used to be that if you lived in Otaki, it was well worth your while to drive to Levin for your grocery shopping as you could save 20 to 30 cpl by filling up with petrol in Levin.
This morning's BP prices are 204.9cpl in Levin and 211.9 in Otaki, "only" 7cpl difference

Are the Commerce Commission doing a price survey or something?

Also, there's a Resource Consent for a Gull service station at Paraparaumu (right next to the railway station), so that should bring down prices there - it's 210.9cpl there this morning BTW

[prices from GaSpy]

Is this thread about the price of oil which is the name of the thread or the price of petrol at the pump?

kobiak:

 

just out of the curiosity, I checked oil price vs petrol price in NZ yesterday

 

oil price, 2013 - ~$102 USD

 

petrol price, 2013 - $2.07 NZD

 

------

 

oil price, 2019 - ~$55 USD

 

petrol price, 2019 - $1.93 NZD

 

 

 

yay for government tax, regional tax, import tax, etc

 

So I absolute doubt we see price drop below $2 now... as it's 2.22 - 2.35 on average before discount in AKL :(

 

 

 

Don't forget inflation from your back of the envelope comparison. $2.07 in 2013 is $2.26 in Q4 2019. 

So has an enterprising Kiwi done an analysis on the price of Oil vs Pump and the time it took to be reflected? 

networkn:

 

So has an enterprising Kiwi done an analysis on the price of Oil vs Pump and the time it took to be reflected? 

 

NO need to reinvent the wheel,  MBIE do a weekly set of figures that show Crude prices, Ex rate , taxes and pump prices etc 

https://www.mbie.govt.nz/building-and-energy/energy-and-natural-resources/energy-statistics-and-modelling/energy-statistics/weekly-fuel-price-monitoring/

wellygary:

 

Z appear to have lopped off another 7 cents a litre, Z harbour city now advertising 91 for 199.9 .. via gaspy (193 if you add their 6c discount)-

’m getting the distinct impression they have picked up the Saudi play book and are trying to drive some of the Discounters out of business

Now down to $194.9....

down to $173.9 in Rotorua