Price wars: Fuel company to drop petrol to under $2 a litre

Author
NZ Herald,
Section
Business,
Publish Date
Friday, 16 November 2018, 11:33AM

Kiwi drivers can rejoice as Waitomo Petroleum service stations are dropping fuel prices to $2 a litre for unleaded 91 petrol for a week.

Since July motorists have suffered high petrol prices but from today until midday Friday 23 November, Kiwis can drop in at Waitomo fuel stops and fill up with cut-price gas.

The petrol company will be selling fuel across the country for the following prices: Unleaded 91 at $1.999 a litre, Premium 95 at $2.129 a litre and Diesel at $1.399 a litre.

However, in Auckland there is an additional price due to the regional fuel tax leaving fuel prices $2.099 per litre for unleaded 91, $2.229 per litre for premium 95 and $1.499 per litre for diesel.

This is still cheaper than Gull prices spotted across West Auckland yesterday, where the petrol stations were selling 91 for $2.11 per litre.

A member on the Swanson/ Ranui Community page on Facebook posted a photo of the Swanson Rd Gull station advertising 91 octane at $2.11 a litre. Photo / Facebook
A member on the Swanson/ Ranui Community page on Facebook posted a photo of the Swanson Rd Gull station advertising 91 octane at $2.11 a litre. Photo / Facebook

It's the first time since August that petrol price have been seen lower than $2 per litre for 91, and comes after prices spiked to record highs in October.

Waitomo group managing director Jimmy Ormsby said conditions were right for this kind of promotion.

"Kiwi motorists deserve some relief. We're running this promotion until midday Friday next week. No matter what, our customers will get a competitive Waitomo price, putting money back in Kiwi's pockets ahead of Christmas.

"We also wanted to celebrate the start of construction at our new Papamoa and Rotorua fuel stops."

Waitomo's low-price fuel offering has led to greater price competition in the areas it operates.

New fuel stops Papamoa and Rotorua will open in December, and a six-pump site will open early next year in Wellington, where fuel prices are among the highest in the North Island.

It's part of the company's ambitious plans to continue expanding and disrupting New Zealand's retail fuel market.

"We saw that the Wellington region deserved a fairer deal and greater competition, so we're stoked that we're delivering that," says Ormsby.

"But there are many other places in New Zealand, especially in the South Island, that are still missing out. That's not fair and it's not the Kiwi way."

"We're a 100 per cent Kiwi-owned and operated, third generation family business, and we believe Kiwis deserve the best deal we can deliver them, which is our Waitomo price."

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