Don't get me wrong - I know petrol (probably) has to increase in price. This doesn't hide the fact however that out of out four main fuel companies BP is continually the first to increase prices. I'd suggest everybody boycott BP or at least make sure you make their staff very aware that you strongly dislike their current pricing strategy.
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Comment by freitasm, on 18-Jul-2006 10:25
It also strikes me that they all raise at very close time, to the same price. It's strange, because they have different company organisation, number of employees, distribution, sourcing, therefore different cost structure - but the prices are always the same.
Comment by NokiaRocks, on 18-Jul-2006 16:39
Petrol Companies should have 2 week price locks, that way if a petrol company rises their price and the other companies dont follow suit then they're screwed for 2 weeks.
Comment by Krisby, on 26-Oct-2006 15:12
Where I work in Tauranga I can see BP and Mobil out of my office, and my obvservations are that Mobil are always first to increase their prices. Even recently they tried putting it up and I expected BP to follow as they often do a few hours later, but they did not and subsequently Mobil dropped their price that evening. It is true though that so many people don't look for the cheapest, when Mobil put their prices up last month it was still just as busy as BP. However on the few times when Shell were offering their "5c until 7pm" specials during the winter the queues were out on the road. I am more a loyalty customer anyway, Shell have Flybuys but my 850 Turbo likes the fuel too. Caltex fuel seems to disagree with my car, and because of BP and Mobil's greediness I prefer not to buy from them, except for gas bottles as they are closest to home. I like the idea of the price lock
Comment by Nzder2007, on 12-May-2008 15:52
There is no price fixing cartel... it is simply barometric price leadership... http://www.competition-commission.org.uk/rep_pub/reports/2000/fulltext/446a7.9.pdf
Comment by justinprouse, on 13-May-2008 08:49
Nzder2007 is correct, there is no collusion in the New Zealand petrol market. As has already been said BP is always first to rise prices, if there was a price fixing cartel all the prices would rise simultaneously. Petrol is an inelastic product, this means when the price of it increases the petrol stations revenue increases (The can maintain the some customer base with price hikes)as it is a necessity, simply BP is the leader in price rises why should we boycott them? If BP don't increase their prices just another petrol station would. I really don't like the idea of a price lock simply because it involves even MORE government intervention in the petrol industry and as we all know government intervention is terribly inefficient, and also what if the costs of petrol rise significantly within the two weeks? that would single handedly destroy New Zealand's economy with all the major petrol stations going bankrupt.
Comment by julio, on 27-May-2008 17:24
I think some people here need to go back to high school and study economics. Then you would learn all about oligopolies and kinked demand curves. Do a search on it but it basically means that all members in the market will have the same price.
Comment by Gav, on 9-Mar-2010 21:53
It's easy to think that BP lead the price hikes with stuff like this: 9th March 2010: BP led today's price hike, by raising the prices of all fuels including diesel by 5 cents per litre this morning, making it currently 182.9 NZ cents/litre for Regular 91, and 115.9 cents/litre for Diesel. The rest is here: http://www.gavinshoebridge.com/electric-cars/new-zealand-fuel-price-increases-5c-per-litre-again/
Comment by Phil Blackwood, on 21-Mar-2011 20:32
What people fail to realize is that BP don't need to compete on petrol price point as they offer much better in store goods and services than other outlets.