From 7 a.m. today until noon Friday, all Gull gas stations across the country will have discounted gasoline. Photo / Jason Oxenham.
Gull gas stations are offering motorists a discount of 15 cents per liter until noon Friday.
Last week, to counter the rising cost of living, the government temporarily withdrew 25 cents a liter from its fuel excise duty and asked oil companies to pass it on. This should represent a savings of approximately $11 to fill a 40 liter tank and $17 for a 60 liter tank.
From 7 a.m. today until noon Friday, all Gull gas stations across the country will have discounted gasoline and there are no minimum spend or maximum fill restrictions. .
Gull price analyst Crystal Feist said that before the price cuts, the cost of fuel prices had reached all-time highs due to uncertainty resulting from Russia’s attack on the Ukraine and a supply shortage after many countries eased Covid restrictions.
“Gull is always looking to provide price relief wherever possible, including where geopolitical issues impact the world. Everything that happens in the world has a ripple effect on New Zealand markets, especially “particularly when it comes to fuel. Uncertainty is driving manufacturers and suppliers to raise prices, driving up prices at the pump as fuel retailers can’t absorb the increased costs,” a- she declared.
Fuel prices were already rising before Russia invaded Ukraine, which happened on Feb. 24, and quickly sent prices soaring to over $3 a liter for the regular 91. They were the highest they had ever been in New Zealand, causing people to change their way of life.
Gull says their average price for Regular (91) will sit at $2,417 and Force 10 (98) at $2,704. While on average, diesel will cost $2,027.
Atiamuri in South Waikato will offer the lowest regular price (91) at $2.267 per liter and Te Kuiti will sell the lowest diesel price at $1.937 per litre.