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Petrol prices cut again

Published: 12:07PM Wednesday June 13, 2012 Source: Fairfax / ONE News

Petrol prices have fallen for the third time in just over a week, as international product prices continue to fall.

This afternoon Gull cut prices for regular unleaded petrol to under $2 per lite - but only at its unmanned North Island sites in Auckland, Hamilton, Ngatea, Whakamarama, Taupo, Palmerston North and Levin.

It followed this morning's move by BP who cut 3 cents from the price of 91, taking the price at sites controlled by the company to $2.059. 

Diesel prices were cut 2c to $1.459.

''Whilst the market remains uncertain, international product prices have generally continued to trend downwards," said BP New Zealand managing director Matt Elliott.

"We're passing on these benefits as soon as we're able, and this is more good news for our customers.''

Z Energy, the New Zealand-owned company which is rebranding the Shell petrol stations, quickly followed the latest cut.

The latest drop takes the price of petrol to the lowest level since last August.

Retail prices have now fallen 14c in less than a month, from a recent high of $2.199.