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As of August 2021, NPD has 96 petrol stations, most being in the South Island. According to a study from the Commerce Commission, NPD "appeared to have the most impact on the oil majors' prices". [5] As of May 2020 it has 150 staff. [6] According to Gaspy, NPD and Waitomo had the lowest fuel prices in New Zealand in 2019. [2]
On 1 January 2012, the Nigerian government headed by president Goodluck Ebele Jonathan, tried to cease the subsidy on petrol and deregulate the oil prices by announcing the new price for petrol as US$0.88/litre from the old subsidised price of US$0.406/litre (LAGOS), which in areas distant from Lagos petrol was priced at US$1.25/litre.
Gull Petroleum began as a Western Australian petrol company founded by Keith Mitchell, Mark Quackenbush and Terry Lockwood in 1976. Real estate agent Fred Rae bought into the company in 1978 and became the controlling shareholder in 1994. [1] Rae established Gull New Zealand was established in 1998, as the New Zealand arm of the business.
On 1 July 2023, the fuel tax cuts were removed. [5] People lined up at petrol stations before the tax cuts ended, and many people took multiple trips. [3] Some people urged motorists to refuel early to avoid queues or fuel shortages. [6] The end of the subsidy caused a large increase in the number of Gaspy users, a fuel price monitoring app. [7]
The oil and gas industry in New Zealand explores and develops oil and gas fields, and produces and distributes petroleum products and natural gas. In 2022, New Zealand's net self-sufficiency in oil (production divided by consumption) was 12%, i.e. the country imported much more crude and refined oil than it exported. [ 1 ]
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Sri Lanka: Sri Lanka switched their regular gasoline from 90 RON to 92 RON on January 1, 2014. In Ceypetco filling stations, 92 RON is the regular automotive fuel and 95 RON is called 'Super Petrol', [77] which comes at a premium price. In LIOC filling stations, 92 RON is the regular automotive fuel and 95 RON is available as 'Premium Petrol'.
The first three emissions budgets, covering the periods 2022–2025, 2026–2030, and 2031–2035, were established in May 2022. The New Zealand Emissions Trading Scheme (NZ ETS), affecting fuel prices, serves as the principal emissions pricing mechanism, with its cap set to align with these budgets. [6] [7]