Gull declines to move again until Monday

Press Release – Gull Petroleum

Second Petrol Price Increase for the Week Regular Price within 2 cents per litre of record Gull declines to move again until MondayMedia Advisory

Second Petrol Price Increase for the Week
Regular Price within 2 cents per litre of record
Gull declines to move again until Monday

Auckland, 30 August 2013 –

With further increases in crude oil and refined fuel ex Singapore; and a continually low kiwi dollar, petrol prices at some major oil company branded outlets have increased to $2.249 per litre for Regular 91 Octane Petrol this morning.

This will be the second increase this week and represents a seven cent per litre increase in five days. This price is two cents per litre below the $2.269 cents per litre record high price (for main centres) set in late June this year.

Gull confirms its petrol price will not move up prior to Monday morning at the earliest.

Gull’s response has been to decrease prices at approximately one third of its outlets.

No Gull company controlled station is selling regular grade petrol above $2.189 per litre, with the lowest price being $2.129.

Over half of Gull company controlled outlets are selling regular grade petrol below $2.169; an eight cent per litre saving over the new prices being posted today.
ENDS

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