Fuel prices on their way down
After two months of price increases during which the cost of petrol reached an all-time high, fuel prices fell three consecutive times during September.
Petrol prices fell a total of 8 cents, to end the month on $2.15 per litre for 91 octane in the main centres. Diesel prices only fell 2 cents to $1.55 per litre at most service stations.
"After the price of 91 octane hit a new record of $2.23 per litre, it's a welcome relief to have prices drop several times during September," says AA PetrolWatch spokesperson Mark Stockdale.
"The price cuts are a combination of a strengthening Kiwi dollar and falling commodity prices later in the month, so it's a classic win-win situation for motorists."
"The AA's monitoring of the importer margin shows that the pump price reductions are a step in the right direction, but with more room for downward movement, especially on diesel," Mr Stockdale added.
