Monday, oil companies in New Zealand lowered prices of petrol and diesel after Energy Minister Gerry Brownlee, on Sunday, blamed leading oil companies for holding prices despite falling crude oil prices.
Shell, BP and Caltex reduced petrol and diesel prices by four cents a litre, taking the price of a litre of 91 petrol to NZD1.35 and diesel prices to NZD1.08.
BP said in statement that this is its 22nd price decrease since July this year, with petrol falling a total of 83 cents per litre in that period, while diesel has fallen 84 cents per litre in the same period.
BP Managing Director Peter Griffiths said, "The decrease is due to decreases in the international price of refined petrol and diesel. We are now seeing the decreases in the price of crude oil on global markets of the last couple of weeks flowing through to refined petrol and diesel."
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