Petrolwatch

February 2018 petrol and diesel prices


Petrol and diesel prices as at 16 February 2018

Two price cuts last week, totalling 4 cents per litre, bring prices to the lowest levels since last October. Commodity prices continued to fall while the NZ$ rose by a cent during the week. Overall the landed cost of petrol fell 3cpl, and diesel nearly 4cpl. But by the end of the week, commodity prices begun rising so it’s unlikely we’ll have any more price cuts, with margins now at the lowest we’ve seen for some months.

  National fuel price
91 Octane 206.9
95 Octane 215.9
Diesel 141.9

 

Petrol and diesel prices as at 9 February 2018

Fuel prices fell 2 cents per litre on 9 February, the first price change in a month. During the week the landed cost of petrol fell 2cpl, and diesel over 2.5cpl, following a drop in commodity prices. This is partly driven by record US shale oil production providing ample supply, although global demand is strong to due economic growth. Despite the price cut, margins still remain high and there is room for further reductions.

  National fuel price
91 Octane 210.9
95 Octane 219.9
Diesel 145.9

 

Previous prices as at 12 January

  National fuel price
91 Octane 212.9
95 Octane 221.9
Diesel 147.9

 

 

 

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