Petrol and diesel prices as at 30 August 2019

August was a very quiet month, with no change in the price of fuel for almost the whole month, until the very end when the national price for petrol rose 3 cents per litre (cpl), and diesel 2cpl. But as can be seen on the Gaspy app, prices vary across the country, including the South Island, with most parts of the country seeing prices below that.

In fact, it had been six whole weeks without a change in the national price. But it wasn’t because there hadn’t been any changes to commodity prices, just that these had been relatively small movements both up and down, and fuel companies had chosen to hold prices. There were a couple of attempts by one brand to raise prices, which was not matched by competitors and so they were forced to quickly reverse the increase.

As it stands, the commodity price of refined fuel has actually fallen by nearly 5cpl since mid-July, but this has mostly been offset by a drop in the NZ dollar. In actual fact, margins on petrol have risen slightly, and remained stable for diesel, so it’s doubtful the latest price rise was justified.

Petrol and diesel prices as at 30 August 2019
  National fuel price
91 Octane 228.9
95 Octane 237.9
Diesel 157.9

Previous prices as at 18 July
  National fuel price
91 Octane 225.9
95 Octane 234.9
Diesel 155.9

 

 

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