Retailers cut petrol prices 3c/litre
Major retailers have cut their petrol prices today, as the cost of oil falls amid global economic uncertainty.
BP, Shell, Z Energy and Caltex have all cut their prices for unleaded petrol by 3c, dropping their price for 91 octane fuel to $2.03.9 per litre.
Gull also cut its petrol prices by 3c a litre this morning, pushing the price to under $2 ($1.99.9) a litre at its network of unmanned drive through sites.
BP managing director Mike McGuinness says petrol prices have now fallen 6c since July 21.
“In recent weeks the strong New Zealand dollar has meant we’ve been able to drop prices at the pump. Although the dollar is no longer climbing the price of refined fuel has fallen and that’s allowed us to pass on this latest price decrease."