Petrol and diesel prices as at 18 July 2019

There have been a couple of price increases through the first half of July, chiefly in response to rising oil prices in response to tensions in the Gulf. Petrol prices rose a total of 5 cents per litre, and diesel up 3cpl – although diesel prices later fell 2cpl. Towards the end of the month, refined petrol commodity prices fell slightly – suggesting there is room for a drop at the pump, with margins in the middle of the range – whilst diesel commodity prices increased slightly, all the while oil prices remained steady.

Petrol and diesel prices as at 18 July 2019
  National fuel price
91 Octane 225.9
95 Octane 234.9
Diesel 155.9

 

Petrol and diesel prices as at 1 July 2019

A sudden drop in fuel prices at the very end of the month was quickly reversed for petrol with the scheduled 4 cents per litre tax increase on 1 July. Petrol prices had fallen 4cpl and diesel 6cpl on the weekend, with only diesel prices remaining down as the tax increase only applies to petrol, but some service stations delayed raising petrol prices.

The tax increase amounts to an extra $45 per year for the average motorist and raises the excise dedicated to the National Land Transport Fund to 66.5cpl, or about $870 a year, with total tax on petrol (including ACC, the Emissions Trading Scheme levy and GST) amounting to $1.09/litre (or about $1.20/litre in Auckland including the Regional Fuel Tax).

Petrol and diesel prices as at 1 July 2019
  National fuel price
91 Octane 220.9
95 Octane 229.9
Diesel 154.9

Previous prices as at 27 June
  National fuel price
91 Octane 216.9
95 Octane 225.9
Diesel 154.9

  

 

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