Petrol continues to drop

The price of petrol dropped 3cents this morning while diesel dropped 2cents.
The price of petrol dropped 3cents this morning while diesel dropped 2cents. Photo Supplied

Tauranga motorists will be making a small saving at the pump after the price of petrol dropped a further three cents a litre today.

Most BP service stations around the country dropped the price of 91 Unleaded petrol and 95 Unleaded petrol by three cents per litre.

Diesel also dropped by two cents this morning.

This is the company's second consecutive reduction, following a drop in petrol prices last week.

BP managing director Matt Elliott said: "Refined product prices have steadily declined over the last week and the NZ dollar has remained strong."

"These factors have allowed us to drop fuel prices again, following our decrease last Wednesday."

"The market remains largely unpredictable, as demonstrated by the fluctuations we've experienced this year, but we're committed to passing on the benefits when we can and as quickly as we can."

In the last AA PetrolWatch spokesperson Mark Stockdale said the price of petrol had decreased since late August, as a result of New Zealand's strong dollar.


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