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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]
The study found that consumers were paying too much for fuel, and made propositions on how to make the market more competitive. [3] In 2020 Gaspy reached 500,000 members. [3] In 2023 after the 2022 New Zealand fuel tax subsidy was removed, Gaspy membership numbers surged. In one day, it received an increase of 6500 members, compared to its ...
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 (mmbls production divided by consumption) was 12%, i.e. the country imported much more crude and refined oil than it exported. [ 1 ]
Waitomo Group warned of rising fuel prices when the 2022 Russian invasion of Ukraine began in late February 2022. [10] The Waitomo Group petrol station in Papanui, Christchurch sold out of fuel on 11 March 2022, after the company announced its intention to raise fuel prices. [11] Long queues were reported at other Waitomo stations around the ...
Retail markup over crude oil and wholesale gasoline, 2014–2019 Oil, gas, and diesel prices RBOB Gasoline Prices. In 2008, a report by Cambridge Energy Research Associates stated that 2007 had been the year of peak gasoline usage in the United States, and that record energy prices would cause an "enduring shift" in energy consumption practices. [6]
GAS Petrol Service Stations (stylised g.a.s.), owned by Gasoline Alley Services, is a New Zealand petrol station franchise, which sells petrol and diesel. It has 127 locations around New Zealand, including 33 in Auckland. [1] The franchise was established in 1999 and had 14 locations by 2000. [1] It had 35 outlets by 2003. [2]
The first Challenge petrol station was opened by Fletcher Challenge in April 1998. [2] [3] The lower prices of Challenge and Gull New Zealand contributed to a price war in the New Zealand fuel retailing industry. [4] The Challenge brand was purchased by Caltex New Zealand from Rubicon in 2001.
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]