November 2017 petrol and diesel prices

27 November 2017

November 2017 petrol and diesel prices

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Petrol and diesel prices as at 24 November 2017

Fuel companies snuck in another increase in fuel prices, up 2 cents per litre, although as before, this isn’t really justified. Although the landed cost of both fuels has risen, with petrol up 1cpl and diesel up 2cpl in the past week, margins are now higher than average – not including the many service stations that are selling fuel below the national price. Since the beginning of November, pump prices have risen 8cpl while the landed cost of both fuels have risen just 5cpl. Pump prices remain the highest in just over 3 years, while this time last year 91 petrol cost $1.92/litre and diesel $1.22/litre.

Petrol and diesel prices as at 24 November 2017

  National fuel price
91 Octane 214.9
95 Octane 223.9
Diesel 148.9

 

Petrol and diesel prices as at 7 November

There has been another 3 cent per litre increase to fuel prices, on 7 November. While commodity prices have risen since the last pump price rise, that increase itself pre-empted the commodity price rise and put margins above average. So the latest commodity price rise only bought margins back down to the level observed over the past year. In the AA’s view then, commodity prices have not increased enough to justify a further pump price increase, and in addition the NZ dollar has strengthened very slightly. The national prices for petrol and diesel are now the highest they’ve been since October 2014.

Petrol and diesel prices as at 7 November

  National fuel price
91 Octane 212.9
95 Octane 221.9
Diesel 146.9

 

Petrol and diesel prices as at 2 November

Fuel prices rose another 3 cents per litre on 2 November, with the price of 91 octane now the highest since July 2015. But since the last price rise on Monday, the imported cost of fuel has not risen further. In fact the NZ$ has strengthened (marginally), while commodity prices have fallen slightly, so neither of those explain the price rise – only the fuel companies can this time.

Petrol and diesel prices as at 2 November

  National fuel price
91 Octane 209.9
95 Octane 218.9
Diesel 143.9

 

Previous prices as at 30 October

  National fuel price
91 Octane 206.9
95 Octane 215.9
Diesel 140.9

 

 

 

 

 

 


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