LISTEN LIVE TO NEWSTALK ZB

Newstalk ZB

ON AIR NOW

Keep up with
Newstalk ZB

Follow Us

  • Facebook
  • Twitter
  • YouTube

Select region

Site Search

Search Search

Petrol prices may go down

Share |

New Zealand News | Saturday April 14 2012 10:34

Petrol prices may go down

Related

Petrol prices could be on the move, with the price of oil continuing to slide.

Brent Crude is now sitting at 121 US dollars a barrel.

The AA's Mark Stockdale says there's no reason not to expect a drop in the price at the pump.

"A drop in the price of oil will inevitably flow through to a lower prices at the pump, provided the exchange rate remains stable. It's got to be good news for motorists."

He says coupons and loyalty programmes do help motorists save money, but they can be expensive for oil companies.

"Those loyalty programmes, there is a cost to the fuel company, but how much that is we don't know."

Mark Stockdale hopes to see lower prices in the next few days.

Advertisement
I Heart App
Advertisement
  • Air NZ defends its domestic route fares

  • US battle against IS militants ramps up

  • Three car pile-up in North Canterbury

  • Man brandishes gun outside Washington's Ethiopian ...

  • Robertson the right man for the job?

  • Rugby: Fox happy with Barrett

  • Auckland Weather

    Today
    Sunny
    H:18° L:
    Click for More Weather
    More Weather

    Labour Leadership

    Who should lead the Labour Party?

    Vote Now

    View Results

    Advertisement