Cheaper petrol by Christmas
PA Auckland Motorists may be able to buy cheaper petrol before Christmas. New Zealand oil companies are predicting a price drop if the price of crude oil is maintained, bur they warn there will be no immediate price reduction. A spokesman for BP Oil N.Z., Ltd, Mr Kelley Griffiths, said there would be at least three months delay before motorists would benefit. Mr Griffiths said all New Zealand’s crude oil was bought three to four months in advance in order to refine it into petrol and then distribute it. Oil companies would closely monitor the exchange rate, he said. A spokeswoman for the Ministry of Energy, Ms Carolyn Homwa, said If oil prices stabilised at the lower rate the Ministry would expect petrol prices to fall. Under the Ministry’s price gauge motorists j could expect to pay I around 83.5 c a litre.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19881006.2.27
Bibliographic details
Press, 6 October 1988, Page 4
Word Count
147Cheaper petrol by Christmas Press, 6 October 1988, Page 4
Using This Item
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Copyright in all Footrot Flats cartoons is owned by Diogenes Designs Ltd. The National Library has been granted permission to digitise these cartoons and make them available online as part of this digitised version of the Press. You can search, browse, and print Footrot Flats cartoons for research and personal study only. Permission must be obtained from Diogenes Designs Ltd for any other use.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.
Log in