Petrol prices in NZ

By Steve Biddle, in , posted: 16-Aug-2007 08:33

Has anybody else noticed that despite our dollar dropping by 10c compared to the US$ in the past two weeks that the price of unleaded has stayed at 153.9 per litre? I smell something a little fishy here, the main fuel players in NZ normally raise their prices pretty quickly when our dollar starts going downward or oil prices start fluctuating. The only assumption I can make is that they're been ripping us off so much in the past few months they can afford to sustain their current price point.

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Comment by asianbro, on 16-Aug-2007 10:15

Who knows, oil industry is dirty and blood lust.

Comment by barf, on 16-Aug-2007 14:39

oil is a currency itself, isn't it?

Comment by TinyTim, on 16-Aug-2007 15:14

Hasn't the price of oil been dropping as the N. American demand drops off as they head into late summer? (Haven't seen any figures tho)

Author's note by sbiddle, on 16-Aug-2007 15:20

BP must read my blog - they have increased petrol by 3c per litre earlier this afternoon. None of the other chains have followed suit yet.

Yet again BP have lead a price increase - what's new?

Comment by Sharon Buckland, on 17-Aug-2007 10:28

Hope you don't mind me picking up on this, but a lot's happened over the last 2 weeks that could do with clarifying. Two weeks ago, the NZ dollar started hiking up, which is just one indicator of pressure on the price of petrol, but at the same time, the international price of refined fuel was rising. The two indicators moving in parallel provided a buffer that protected NZ motorists from price increases. When the dollar started coming back down, the international price of refined fuel started coming down too, so the buffer effect was still at work. But in the last 2 days, the refined fuel market (which we have no ability to control in NZ)has started to rally and rise again; in the same 2 day period, the NZ dollar has dropped 5 cents. With these two petrol price indicators no longer working in tandem to cancel each other out, there's a lot more pressure today on the price at the pump. I'm not going to predict what might happen next - the currency market is fluctuating, as is the international fuel price. My advice is to keep an eye on the pumps. Cheers Sharon Buckland Spokesperson for Chevron NZ and the Caltex brand.

sbiddle's profile

Steve Biddle
New Zealand

I'm an engineer who loves building solutions to solve problems.

I also love sharing my views and analysis of the tech world on this blog, along with the odd story about aviation and the travel industry.

My interests and skillset include:

*VoIP (Voice over IP). I work with various brands of hardware and PBX's on a daily basis
  -Asterisk (incl PiaF, FreePBX, Elastix)

  -xDSL deployments

*Structured cabling
  -Home/office cabling
  -Phone & Data

*Computer networking
  -Mikrotik hardware
  -WAN/LAN solutions

*Wireless solutions
  -Motel/Hotel hotspot deployments
  -Outdoor wireless deployments, both small and large scale
  -Temporary wireless deployments
*CCTV solutions
  -Analogue and IP

I'm an #avgeek who loves to travel the world (preferably in seat 1A) and stay in nice hotels.

+My views do no represent my employer. I'm sure they'll be happy to give their own if you ask them.

You can contact me here or by email at