Petrol at $3 a litre

[geoffw]

insert your own item & price if it makes you feel better

And where are you suggesting we insert said item?

 

[jym]

Hi Guys

Petrol went up in NZ today with more increases expected next week.

91 is $1.43.9c/l
96 is $1.48.9c/l
diesel is 96.9c/l
All prices in NZ dollars

Regards

 

[Les]

91 is $1.43.9c/l
96 is $1.48.9c/l
diesel is 96.9c/l
All prices in NZ dollars

Holy snapping ducklats !!! That is abyssmal !!! What does Natural Gas cost today?

An interesting point for Aussies - see the diesel price !!! What the'

I'd heard that Australia pays more for diesel as Aussies' own fuel is "too light" to produce diesel - thus we have to pay more - but, NZ doesn't have ANY reserves of fuel at all - how does THIS work?????

Regards,

 

[jym]

Hi Les

Owners of diesel vehicles have to pay a Road User Charge.

If you drive a light diesel vehicle or any vehicle with a gross vehicle mass of over 3500kg on New Zealand roads, you will need to display a current Road User Charges (RUC) licence. This applies to all vehicles powered by a fuel that is not taxed at source (ie, diesel, electricity).

The most common form of RUC is a Distance Licence. Distance licences are bought in units of 1000 kilometres. The cost of the licence is dependent on the RUC vehicle type (this is specified for each vehicle, based on the number of tyres and axles and whether it is a powered vehicle or a trailer) and the weight of the vehicle, as specified by the purchaser at the time of licensing.

It also applies to lighter weighted vehicles as well.

Indication of prices to pay are:
1 Tonne $22.58/1000km
2 T0nne $24.74
3 Tonne $26.83
4 Tonne $28.36

So the cost of running a diesel vehicle in NZ is probably not that much cheaper, if at all, than in Australia.

Regards

 

[RichardC]

Things change in the oil industry. I bought Caltex shares at the float in April '98 @ $4.00/sh. Sold them for $2.77 in Oct '99.

The oil industry was very competitive then because of excess refining capacity world wide. This meant Caltex was hardpressed making ANY refining margin and precious little at retail. The motorist reaped the benefit of "cheap" pump prices.

As free enterprise folk you can understand that Caltex was entitled to improve their operating profit when possible. Well it is now possible because they rationalised Aus refineries (as they are entitled to do) and there have been few or no new refineries built worldwide but demand keeps increasing, ergo Singapore refineries have no interest in shipping to Aus so Caltex now has the whip hand and their shares are $17.70 now.

It's called the joys of the free enterprise system which we are all exploiting, so get used to it. It aint getting better.

RC